- (a) The Office may disallow a PFI whose annual claims rates exceed 6 percent from enrolling any additional Qualified Loans if the Office determines the PFI's practices do not meet Program standards or it is using the Program to offset the costs of a high default rate.
- (b) The claims rate shall be measured by either claim amounts made against total capital or the number of claims made on the total number of loans in a twelve-month period.
Source Note:The provisions of this §200.113 adopted to be effective June 25, 2023, 48 TexReg 3217.