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 B - [Effective 6/25/2023] TEXAS SMALL BUSINESS CREDIT INITIATIVE LOAN GUARANTEE PROGRAM
Section 200.111 - Recoveries on Loans Subsequent to Payment of Claim

10 Tex. Admin. Code § 200.111

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Current through Reg. 49, No. 50; December 13, 2024
Section 200.111 - Recoveries on Loans Subsequent to Payment of Claim

If the PFI recovers on a debt from a Borrower after the Office remits a Guaranteed Amount pursuant to § 200.110 of this chapter (relating to Payment of Claims by the Office), the PFI shall promptly repay the Office the money remitted to the PFI for the Loss, up to the amount of the remittance.

10 Tex. Admin. Code § 200.111

Adopted by Texas Register, Volume 48, Number 24, June 16, 2023, TexReg 3221, eff. 6/25/2023