| (a) A participating financial institution shall remit
an annual report to the Office containing the information required
by Texas Government Code, 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 Office considers
appropriate;
(2) state the total amount of loans for which the Office
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 Office 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; amended to be effective August 5, 2012, 37 TexReg 5735 |
