California Business and Professions Code

§ 10476

BPC § 10476 Effective Jan 1, 2012Div. 4 · Part 1 · Ch. 6.5

Statute text

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.

Legislative history

Amended by Stats. 2011, Ch. 712, Sec. 29. (SB 706) Effective January 1, 2012.