Compliance Question of the Week

2/6/2007 12:00:00 AM | General

Feb. 6, 2007

Question:
What is the definition of a secondary and a major violation?

Answer:
· A secondary violation is a violation that is isolated or inadvertent in nature, provides or is intended to provide only a minimal recruiting, competitive or other advantage and does not include any significant recruiting inducement or extra benefit.

· A major violation is any other violation, specifically including those that provide an extensive recruiting or competitive advantage. Multiple secondary violations by a member institution may collectively be considered as a major violation.