10476. Insufficient Funds – Priority of Payment When Money Deposited
Real Estate Law, Subdivided Lands Law and Vacation Ownership and Time-Share Act of 2004 As amended and in effect January 1, 2023 From the Business and Professions Code
Insufficient Funds – Priority of Payment When Money Deposited
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.