California CodesBusiness and Professions Code - BPCDivision 4 — Real EstatePart 3 — Licensing and Certification of Real Estate AppraisersChapter 8 — Real Estate Appraisers Regulation FundSection 11415

(a) The bureau shall render a final written decision on the application within 180 days after a completed application has been received unless the claimant agrees in writing to extend the time within which the bureau may render a decision.

(b) The bureau may deny or grant the application or may enter into a compromise with the claimant to pay less in settlement than the full amount of the claim. If the claimant refuses to accept a settlement of the claim offered by the bureau, the written decision of the bureau shall be to deny the claim or it shall be deemed denied if a written decision is not rendered within the time specified in subdivision (a). Evidence of settlement offers and discussions between the bureau and the claimant shall not be competent evidence in judicial proceedings undertaken by the claimant pursuant to Section 11417.3.

Notes

Requires the bureau to issue a written decision on a completed Recovery Account application within 180 days unless the claimant agrees in writing to an extension. The bureau may grant, deny, or compromise the claim; refusal of settlement leads to denial, failure to decide timely is deemed denial, and settlement offers or discussions are inadmissible in the specified judicial proceeding.

Use as reference

Lexinter.net | California Code, Business and Professions Code - BPC § 11415 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-3/chapter-8/section-11415

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