1. (a) Claims of $2000 or less may be paid in full.

2. (b) Claims of more than $2000 may be paid in the following manner:

   1. (1) If the claim was filed on or after September 1, 1999, the first $2000 plus no more than 70% of the amount in excess of $2000, may be paid.
   2. (2) If the claim was filed prior to September 1, 1999, the first $1000 plus no more than 60% of the amount in excess of $1000, may be paid.
3. (c) Claims Arising from Same Contract. Total payment for claims arising from the same contract shall not exceed $35,000.
4. (d) Claims Against a Single Licensee. Total payment for claims against a single licensee shall not exceed $85,000 in any one calendar year. Claims shall be paid in the order that a final determination is made by the department or the Board. In cases when a claim cannot be paid in full due to the restrictions of this paragraph, the claimant shall be given the option of accepting immediate payment of a lesser amount or accepting full payment from the Fund during the next calendar year.

Source Note:The provisions of this §14.13 adopted to be effective August 13, 1997, 22 TexReg 7223; amended to be effective December 13, 1999, 24 TexReg 11101.