California CodesBusiness and Professions Code - BPCDivision 4 — Real EstatePart 1 — Licensing of PersonsChapter 6.5 — Real Estate Recovery ProgramSection 10476
If, at any time, the money deposited in the Consumer Recovery Account is insufficient to satisfy any duly authorized claim or portion thereof, the commissioner shall, when sufficient money has been deposited in the Consumer Recovery Account, satisfy the unpaid claims or portions thereof, in the order that the claims or portions thereof were originally filed, plus accumulated interest at the rate of 4 percent a year.
Notes
Requires the commissioner, when the Consumer Recovery Account lacks enough money to pay an authorized claim or portion, to pay the unpaid amount once sufficient funds are later deposited. Payments must follow the order in which the claims or portions were originally filed and include accumulated interest at an annual rate of 4 percent.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10476 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-6-5/section-10476