California Business and Professions Code CHAPTER 6.5 - Real Estate Recovery Program

• Section 10470.
  If, on June 30 of any year, the balance remaining in the Consumer Recovery Account in the Real Estate Fund is less than two hundred...
• Section 10470.1.
  (a) In addition to the amount paid into the Consumer Recovery Account as set forth in Section 10450.6, the Real Estate Commissioner may authorize the transfer...
• Section 10471.
  (a) When an aggrieved person obtains (1) a final judgment in a court of competent jurisdiction, including, but not limited to, a criminal restitution order issued...
• Section 10471.1.
  (a) The claimant shall serve a copy of the notice prescribed in subdivision (e) together with a copy of the application upon the judgment debtor by...
• Section 10471.2.
  (a) If the commissioner determines that the application as submitted by the claimant fails to comply substantially with the requirements of Section 10471 or with the...
• Section 10471.3.
  (a) The commissioner shall render a final written decision on the application within 90 days after a completed application has been received unless the claimant agrees...
• Section 10471.4.
  In its consideration and investigation of an application, the department shall have recourse to all appropriate means of investigation and discovery available to it under...
• Section 10471.5.
  (a) The commissioner shall give notice of a decision rendered with respect to the application to the claimant and to a judgment debtor who has filed...
• Section 10471.6.
  If, at any time prior to the rendering of a decision on an application, the commissioner makes a preliminary determination that the aggregate valid applications...
• Section 10472.
  (a) A claimant against whom the commissioner has rendered a decision denying an application pursuant to Section 10471 may, within six months after the mailing of...
• Section 10472.1.
  (a) The commissioner and the judgment debtor shall each have 30 days after being served with the application in which to file a written response. The...
• Section 10473.
  Whenever the court proceeds upon an application under Section 10472, it shall order payment out of the Consumer Recovery Account only upon a determination that...
• Section 10473.1.
  The judgment debtor may defend an action against the Consumer Recovery Account on his or her own behalf and shall have recourse to all appropriate...
• Section 10474.
  Notwithstanding any other provision of this chapter and regardless of the number of persons aggrieved or parcels of real estate involved in a transaction or...
• Section 10474.5.
  If the amount of liability of the Consumer Recovery Account as provided for in Section 10474 is insufficient to pay in full the valid claims...
• Section 10475.
  Should the commissioner pay from the Consumer Recovery Account any amount in settlement of a claim or toward satisfaction of a judgment against a licensed...
• Section 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...
• Section 10477.
  Any sums received by the commissioner pursuant to any provisions of this chapter shall be deposited in the State Treasury and credited to the Consumer...
• Section 10478.
  It shall be unlawful for any person or the agent of any person to file with the commissioner any notice, statement, or other document required...
• Section 10479.
  When, the commissioner has paid from the Consumer Recovery Account any sum to the judgment creditor, the commissioner shall be subrogated to all of the...
• Section 10480.
  The failure of an aggrieved person to comply with all of the provisions of this chapter shall constitute a waiver of any rights hereunder.(Repealed and...
• Section 10481.
  Nothing in this chapter limits the authority of the commissioner to take disciplinary action against any licensee for a violation of the Real Estate Law,...

Last modified: October 22, 2018