California Business and Professions Code 10476 – If, at any time, the money deposited in the Consumer Recovery Account …
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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.
(Amended by Stats. 2011, Ch. 712, Sec. 29. (SB 706) Effective January 1, 2012.)
Terms Used In California Business and Professions Code 10476
- Recovery Account: shall be deemed to refer to the Consumer Recovery Account. See California Business and Professions Code 10450.6