If a postsecondary degree granting educational institution licensed under this chapter, or granted a conditional exemption under this chapter, discontinues its operations, the chief administrative officer, by whatever title designated, of the institution shall cause to be filed with the Commission the original or legible true copies of all records of the institution specified by the Commission.
The records deposited with the Commission shall include, at a minimum, the academic records of each former student specified in subsection 8004.15.
The institution shall pay for the costs of the transfer of records to the Commission and for the costs of maintaining the records.
The Commission shall issue certified copies of transcripts of student courses and grades and of other documents in the records; shall furnish other official information from the records to former students and educational institutions to which the student applies; and may furnish copies to others who have a right to disclosure under law or regulation.
D.C. Mun. Regs. tit. 5, r. 5-A8017