; (C) the agency or association acts to place an institution on probation, show cause, or equivalent status; or (D) the Secretary notifies the agency that the institution is participating in title IV under a provisional program participation agreement; ; (D) by amending paragraph (6) to read as follows: (6) requires that teach-out agreements among institutions are subject to approval by the accrediting agency or association consistent with standards promulgated by such agency or association, and that such an agreement shall be required and subject to such approval upon the occurrence of any of the following events: (A) the Secretary notifies the agency or association that— (i) the Secretary has placed the institution on the reimbursement payment method pursuant to section 487(c)(1)(B); and (ii) the institution fails to meet criteria prescribed by the Secretary regarding ratios that demonstrate financial responsibility as described in section 498(c)(2); (B) the Secretary notifies the accrediting agency or association that the Secretary has initiated— (i) an emergency action against the institution pursuant to section 487(c)(1)(G); or (ii) an action under section 487(c)(1)(F) to limit, suspend, or terminate the participation of the institution in any program under this title; (C) the accrediting agency or association acts to withdraw, terminate, or suspend the accreditation of the institution; (D) the institution notifies the accrediting agency or association that the institution intends to cease operations; (E) the institution notifies the accrediting agency or association that the institution intends to close a location that provides one hundred percent of at least one program; or (F) pursuant to section 495, the State notifies the accrediting agency or association that an institution’s license or legal authorization to operate within the State has been or will be revoked; ; (E) in paragraph (7), by inserting not later than 10 days after taking an action described in this paragraph, before makes available