Declares that a person is guilty of issuing a false academic credential if the person knowingly: (1) Grants or awards a false academic credential or offers to grant or award a false academic credential in violation of this act;

(2) Represents that a credit earned or granted by the person in violation of this act can be applied toward a credential offered by another person;

(3) Grants or offers to grant a credit for which a representation as describe in this act is made; or

(4) Solicits another person to seek a credential or to earn a credit the person knows is offered in violation of this act.

Provides that a person is guilty of knowingly using a false academic credential if the person knowingly uses a false academic credential or falsely claims to have a credential issued by an institution of higher education that is accredited by an accrediting association recognized as such by rule of the higher education coordinating board.