Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 10470.1 — Real Estate Recovery Program
Cal. Bus. & Prof. Code § 10470.1
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(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 from the Real Estate Fund to the Consumer Recovery Account of any amounts as are deemed necessary.
Citator
Cal. Bus. & Prof. Code § 10470.1 — Real Estate Recovery Program is in force in the current edition of the Code, and nothing recorded condemns it.
(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 from the Real Estate Fund to the Consumer Recovery Account of any amounts as are deemed necessary.
(b) If the balance remaining in the Consumer Recovery Account contains more than four hundred thousand dollars ($400,000), the commissioner may authorize the transfer of all or part of the surplus amount into the Real Estate Fund.
(c) The commissioner may authorize the return to the Consumer Recovery Account of all or any amount previously transferred to the Real Estate Fund under this section.