| (a) Application Required. As provided by Finance Code §156.555,
adopting by reference the procedural requirements for making a claim
on the Commissioner's recovery fund in accordance with Finance Code
Chapter 156, Subchapter F, a claimant must file a sworn written application
with the Department and must be made on the current form prescribed
by the Commissioner and posted on the Department's website (sml.texas.gov).
(b) Payment of Approved Claims. Upon approval of a
claim on the Mortgage Grant Fund for purposes of Finance Code §156.555,
the Commissioner will issue an order disbursing funds from the Mortgage
Grant Fund. The Commissioner will direct Department staff to cause
disbursement of the funds after the date upon which such order becomes
final and unappealable for purposes of Finance Code §156.504(d)
(by application of Finance Code §156.555), or if the Department's
preliminary determination letter under §156.504(c)(2) was disputed
and an adjudicative hearing required, for purposes of Government Code
Chapter 2001.
(c) Cooperation by Claimant Required. The claimant
must cooperate with Department staff's instructions for effectuating
disbursement of an approved claim from the Mortgage Grant Fund for
purposes of Finance Code §156.555. Among other things, the claimant
must provide such information and complete such documentation required
in order to cause the claimant to be a valid payee for purposes of
the Texas Comptroller of Public Accounts.
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