Section 1372.041 - Refusal to Accept Reservation By Issuer(a) An issuer may: (1) refuse to accept a reservation if the amount of state ceiling available is less than the amount for which the issuer applied; or(2) refuse to accept a reservation for any amount if the reservation is granted after September 23.(b) The amount of available state ceiling is subject to the grant of a reservation to each succeeding issuer eligible to be granted a reservation of that available state ceiling in the order of priority under this subchapter.(c) An issuer's refusal to accept a reservation does not affect the issuer's order of priority for a subsequent grant of a reservation.Tex. Gov't. Code § 1372.041
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. 9/1/1999.