Title 61 Chapter 2f Section 509
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Securities Division - Real Estate Division | |
Real Estate Licensing and Practices Act | |
Section 509 | Insufficient funds to satisfy judgments -- Procedure and interest. |
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61-2f-509. Insufficient funds to satisfy judgments -- Procedure and
interest.
If money deposited in the fund and allotted for satisfying a final judgment against a real estate licensee is insufficient to satisfy an order issued in accordance with Section 61-2f-508, when sufficient money is deposited in the fund, the division shall: (1) satisfy the unpaid claims in the order that the unpaid claims are originally filed; and (2) pay with the claim accumulated interest at the rate of 8% per annum. Renumbered and Amended by Chapter 379, 2010 General Session | |
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