(a) A participating financial institution shall remit an annual report to the department containing the information required by Chapter 481, Subchapter BB, §481.411. The report must:
- (1) provide information with regard to outstanding capital access loans, capital access loan losses, and any other information consistent with the objectives of the program the department considers appropriate;
- (2) state the total amount of loans for which the department has made a contribution from the fund under the program;
- (3) include a copy of the institution's most recent financial statement; and
- (4) include information regarding the type and size of businesses and nonprofit organizations with capital access loans.
- (b) The department may suspend enrollment of subsequent loans of a financial institution that fails to comply with the annual reporting requirement prescribed by this section.
Source Note:The provisions of this §187.16 adopted to be effective September 15, 1997, 22 TexReg 8967; amended to be effective October 31, 2002, 27 TexReg 10010.