California CodesBusiness and Professions Code - BPCDivision 4 — Real EstatePart 3 — Licensing and Certification of Real Estate AppraisersChapter 8 — Real Estate Appraisers Regulation FundSection 11419.1
When the bureau has paid from the Recovery Account any sum to the judgment creditor, the bureau shall be subrogated to all of the rights of the judgment creditor and the judgment creditor shall assign all of their rights, titles, and interests in the judgment to the bureau, and any amount and interest recovered by the bureau on the judgment shall be deposited to the Recovery Account.
Notes
Requires a Recovery Account claimant, after the bureau pays the judgment creditor, to assign to the bureau all rights, title, and interests in the judgment. The bureau becomes subrogated to the creditor’s rights, and any amount and interest the bureau later recovers on that judgment must be deposited back into the Recovery Account.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 11419.1 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-3/chapter-8/section-11419-1