(a)

1. (1) Accounts that are more than one hundred eighty (180) days delinquent will be referred to the Technology Equipment Revolving Loan Fund Committee for recommendation to charge off the loan within thirty (30) days after the account has been delinquent for one hundred eighty (180) consecutive days.
2. (2) Committee recommendations for charge off will be forwarded to the Chief Fiscal Officer of the State for adjudication.

3. (3)

   1. (A) Exceptions to charge-offs:

(i) The customer is making payments in accordance with an agreement reached with the collections agency or AATAFP Executive Director;

1. (ii) The customer has accident and health claims pending or payments forthcoming;

   1. (iii) The collateral securing the loan has been repossessed and liquidation is scheduled within ninety (90) days of the account becoming one hundred eighty (180) days delinquent; and

      1. (iv) The account is still in the first one hundred eighty (180) days of delinquency.
   2. (B) The committee will review and forward any recommendations for exceptions to these parameters to the Chief Fiscal Officer of the State for adjudication.

(b)

1. (1) Accounts of borrowers who have declared bankruptcy will be recommended for charge off to the Chief Fiscal Officer of the State within ninety (90) days of receipt of the bankruptcy notice.

2. (2) Exceptions to charge-offs for borrowers declaring bankruptcy:

   1. (A) The customer continues to pay and maintains the account in good standing (Chapter 7 status);
   2. (B) Reaffirmation of the debt has been completed or is pending, and the customer is making regular payments; and
   3. (C) The account is being paid outside the plan (Chapter 13 status).

3. (3) The committee will review and forward any recommendations for exceptions to these parameters to the Chief Fiscal Officer of the State for adjudication.

   1. (c)
4. (1) Accounts of deceased borrowers will be recommended for charge off to the Chief Fiscal Officer of the State within ninety (90) days of the receipt of death certificate.

5. (2) Exceptions to charge-offs for deceased borrowers:

   1. (A) The executor or administrator or individual legally responsible for the estate has indicated life insurance benefits will be forthcoming prior to the account becoming one hundred eighty (180) days past due;

   2. (B) Payment arrangements have been made by the:

      1. (i) Maker;
      2. (ii) Comaker; or
      3. (iii) Endorser; and
   3. (C) Payment arrangements have been made with the executor/administrator, individual legally responsible for estate, or individual/guarantor accepting responsibility for the obligation to bring account current within one hundred twenty (120) days.
6. (3) The committee will review and forward any recommendations for exceptions to these parameters to the Chief Fiscal Officer of the State for adjudication.