; 1099b(c)(3))), or to submit a teach-out agreement among institutions (in accordance with section 496(c)(6) of such Act ( 20 U.S.C. 1099b(c)(6) )), the following shall apply to such plans and agreements: (A) The definitions and requirements described in this subsection. (B) Any other applicable standards of the institution’s accrediting agency or association. (C) Any other provisions the Secretary of Education determines are necessary to protect the interests of the United States and to promote the purposes of this section. (2) Closing institution defined The term closing institution means an institution of higher education— (A) that ceases to operate or plans to cease operations before all enrolled students have completed their program of study; or (B) that has an institutional location that— (i) provides 100 percent of at least 1 program offered by the institution of higher education; and (ii) ceases to operate or plans to cease operations before all enrolled students have completed their program of study. (3) Teach-out plans (A) Teach-out plan defined The term teach-out plan means a written plan developed by a closing institution that provides for the equitable treatment of students. (B) Contents of teach-out plans A teach-out plan shall include a record-retention plan that includes— (i) a plan for the custody (including by any applicable State authorizing agencies), and the disposition, of teach-out records that meets the requirements of paragraph (5)(B)(iii); (ii) an assurance that in the event of the closure of the institution or an institutional location of the institution, such institution— (I) will meet the requirements of paragraph (5)(B)(iv); and (II) will refund students the amount of any unearned tuition, account balances, and student fees, and refunds due