Section 200.16 - Excessive Annual Claims Rate by a Participating Financial Institution(a) The Office may disallow a PFI whose annual claims rates exceed 6 percent from enrolling any additional Qualified Loans if the Office determines the PFI's practices do not meet Program standards or it is using the Program to offset the costs of a high default rate.(b) The claims rate shall be measured by either claim amounts made against total capital or the number of claims made on the total number of loans in a twelve-month period.10 Tex. Admin. Code § 200.16
Adopted by Texas Register, Volume 48, Number 24, June 16, 2023, TexReg 3220, eff. 6/25/2023