(a) The Private Career Education Arbitration Panel as referenced in this section shall represent the sole authority to resolve disputes between a student and schools as to grievances relating to:
(1) The failure of the school to perform agreements made with the student; or
(2) An admissions representative's misrepresentations in enrolling the student.
(b)
(1) In consultation with the State Board of Private Career Education, the Director of the Department of Higher Education shall appoint the arbitration panel, which shall be composed of three (3) members. One (1) member shall be from the school sector, and two (2) members shall be from the general public.
(2) No member of the arbitration panel may serve for hearings which involve the member's school.
(c)
(1) In resolving disputes, the arbitration panel shall be exempt from judicial redress for failure to exercise skill or care in the performance of its duties.
(2) The arbitration proceeding, confirmation, or vacation of an award and appeal shall be conducted pursuant to the Uniform Arbitration Act, § 16-108-201 et seq.
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