1. Each school of cosmetology shall:
(a) Obtain a surety bond in accordance with regulations adopted by the Board; or
(b) Provide for payment plans, including plans for periodic payments, in accordance with regulations adopted by the Board.
2. The Board shall adopt regulations regarding surety bonds and payment plans for purposes of subsection 1. The regulations regarding periodic payments must, as the Board determines appropriate, be modeled after 34 C.F.R. § 668.4.
(Added to NRS by 2011, 3029) — (Substituted in revision for NRS 644.384)