: (1) If the loan cannot be written off even after completing all the procedures to be completed according to the prevailing law regarding the loan invested by the member organization, the member organization may write off such loan with the approval of the fund.
(2) The member organization shall send the statement as per schedule-19 to the fund for the approval of the write-off in accordance with sub-rule (1) of the loan for which claim payment has been received in accordance with rule 43.
(3) In accordance with sub-rule (1), the amount written off shall not exceed the amount for which the claim has been paid.
(4) If the fund deems it necessary, it can determine the amount that can be written off after evaluating the collateral of the loan submitted for approval.
(5) After receiving approval from the fund to write off the loan for which the member organization has received claim payment, the said amount is not required to be returned to the fund. However, after receiving the approval of the write-off, if for some reason the loan for which the claim has been paid is partially or fully recovered or if it is recovered from the amount due to the insurance of the related party, then the amount of the recovered amount, which is the percentage of the claim payment, shall be returned to the fund within thirty-five days.