(a) Subject to subsection (b) of this section, and in accordance with the Agreement, the Office shall reimburse a PFI for Losses claimed under the procedure described in §200.109 of this chapter (relating to Procedure for Making a Claim for Reimbursement for Charging Off of an Enrolled Loan).
(b) The Office may reject a claim in part or in full if:
(1) the Office, in its sole discretion, determines:
(2) the PFI:
(c) If the Fund does not contain amounts sufficient to cover the total amount of a Loss claim, the Office shall pay an amount up to the available balance of the Fund. This payment shall fully satisfy the claim and the PFI has no further right to receive any other amount with respect to such claim.
(d) The Office shall review Loss claims in the order in which it receives them.
Source Note: The provisions of this §200.110 adopted to be effective June 25, 2023, 48 TexReg 3217