SECTION 200.14. Recoveries on Loans Subsequent to Payment of Claim

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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.

Source Note: The provisions of this §200.14 adopted to be effective June 25, 2023, 48 TexReg 3217

                    
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