; 1087dd(g)(1)); and (II) if applicable, information on institutional and State refund policies; (vi) provides students with information about additional tuition and fee charges, if any, at the teach-out institution; and (vii) provides students with accurate information on the number and types of credits the teach-out institution is willing to accept prior to the student’s enrollment in that institution or any other institution of higher education with which the closing institution has an articulation agreement. (6) Submission of teach-out plans and teach-out agreements (A) Submission of notice Not later than 10 days after being required to submit a teach-out plan or teach-out agreement to its accrediting agency or association, the institution of higher education shall submit a notice of such plan or agreement to the Secretary of Education and to any applicable State authorizing agencies of such institution. (B) Submission of plan or agreement Not later than 5 days after receiving approval from its accrediting agency or association of a teach-out plan or teach-out agreement, as applicable, the institution of higher education shall submit the approved plan or agreement to the Secretary of Education and to any applicable State authorizing agencies of such institution. (b) Standard language Not later than 60 days after the date of the enactment of this section, the Secretary of Education shall publish standard language relating to closed school discharges for purposes of subsection (a)(5)(B)(v). (c) Prohibition on misrepresentations (1) In general An institution of higher education is prohibited from engaging in misrepresentation about the nature of teach-out plans, teach-out agreements, and transfer of credit. (2) Sanctions Upon determination, after reasonable notice and opportunity for a hearing, that an institution of higher education is in violation of this subsection, the Secretary of Education— (A) shall impose a civil penalty not to exceed $25,000 for each misrepresentation