The purpose of the Post-Secondary Educational Institution Act is to improve the quality of private post-secondary education, to prevent misrepresentation, fraud and collusion in offering educational programs to persons over the compulsory school attendance age and to protect consumers enrolled in private post-secondary educational institutions when those schools cease operation or fail to meet standards of quality established by the department. History: 1953 Comp., § 73-40-2, enacted by Laws 1971, ch. 303, § 2; 1975, ch. 148, § 2; 1994, ch. 108, § 3; 2013, ch. 59, § 1. ANNOTATIONSThe 2013 amendment, effective June 14, 2013, assigned administration of the Post-Secondary Educational Institution Act to the higher education department; and after 'established by the', deleted 'commission' and added 'department'. The 1994 amendment, effective July 1, 1994, inserted 'private' preceding 'post-secondary' deleted 'and' following 'education', and inserted the language following 'school attendance age'.
New Mexico Legal Code