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Rule 44
Claims Rejected
: (1) The Fund may reject payment claims submitted by member organizations in the following cases:-
(a) If it is found that the member institution has invested loans contrary to the prevailing law,
(b) If it is found that an additional loan has been provided to such a company after receiving information that the loan has been misused through the monitoring conducted by the member organization,
(c) Failure to pay the security fee required to be paid under the terms of the loan related to the payment claim,
(d) In cases where the loan may be recovered during mortgage auction sale, if auction sale action is not taken or canceled,
(e) If all the documents required to be submitted with the payment claim are not submitted or the documents requested by the fund are not submitted within thirty days.
(2) Notwithstanding anything written in sub-rule (1), unless the member institution claims payment to the fund before the last payment date of the loan with proof that the borrower has misused the loan, the loan fund shall not repay at least twenty-five percent of the loan including principal and interest by the last payment date of the loan. Claims will not be paid.
(3) If the fund rejects the claim according to sub-rule (1), the relevant member organization shall be informed within seven days.
(a) If it is found that the member institution has invested loans contrary to the prevailing law,
(b) If it is found that an additional loan has been provided to such a company after receiving information that the loan has been misused through the monitoring conducted by the member organization,
(c) Failure to pay the security fee required to be paid under the terms of the loan related to the payment claim,
(d) In cases where the loan may be recovered during mortgage auction sale, if auction sale action is not taken or canceled,
(e) If all the documents required to be submitted with the payment claim are not submitted or the documents requested by the fund are not submitted within thirty days.
(2) Notwithstanding anything written in sub-rule (1), unless the member institution claims payment to the fund before the last payment date of the loan with proof that the borrower has misused the loan, the loan fund shall not repay at least twenty-five percent of the loan including principal and interest by the last payment date of the loan. Claims will not be paid.
(3) If the fund rejects the claim according to sub-rule (1), the relevant member organization shall be informed within seven days.