Idaho Code 54-2075 – Order of Payment of Claims If Recovery Fund Balance Insufficient — Interest
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Idaho Code 54-2075
- Commission: means the Idaho real estate commission, unless the context clearly indicates a different meaning. See Idaho Code 54-2004
If, at any time, the money deposited in the recovery fund and allotted for satisfying claims against licensees is insufficient to satisfy any authorized claim or portion thereof, the commission shall, when sufficient money has been deposited in the recovery fund, satisfy such unpaid claims or portions thereof, in the order that such claims or portions thereof were originally filed, plus accumulated interest at the rate of eleven percent (11%) per annum.