Statutes, codes, and regulations
Texas Administrative Code
Title 10 - COMMUNITY DEVELOPMENTPart 5 - OFFICE OF THE GOVERNOR, ECONOMIC DEVELOPMENT AND TOURISM OFFICEChapter 200 - TEXAS SMALL BUSINESS CREDIT INITIATIVE
Subchapter A - [Effective 6/25/2023] TEXAS SMALL BUSINESS CREDIT INITIATIVE CAPITAL ACCESS PROGRAM
Section 200.14 - Recoveries on Loans Subsequent to Payment of Claim

10 Tex. Admin. Code § 200.14

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Current through Reg. 50, No. 1; January 3, 2025
Section 200.14 - Recoveries on Loans Subsequent to Payment of Claim

If the PFI recovers on a debt from a Borrower after the Office reimburses a Loss pursuant to § 200.13 of this chapter (relating to Payment of Claims by the Office), the PFI shall promptly repay into the Loan Loss Reserve Account the amount the PFI recovered, up to the amount of the reimbursement.

10 Tex. Admin. Code § 200.14

Adopted by Texas Register, Volume 48, Number 24, June 16, 2023, TexReg 3220, eff. 6/25/2023