Texas Administrative Code
Title 10 - COMMUNITY DEVELOPMENT
Part 5 - OFFICE OF THE GOVERNOR, ECONOMIC DEVELOPMENT AND TOURISM OFFICE
Chapter 200 - TEXAS SMALL BUSINESS CREDIT INITIATIVE
Subchapter B - TEXAS SMALL BUSINESS CREDIT INITIATIVE LOAN GUARANTEE PROGRAM
Section 200.111 - Recoveries on Loans Subsequent to Payment of Claim

Universal Citation: 10 TX Admin Code § 200.111

Current through Reg. 49, No. 12; March 22, 2024

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.

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