Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 10471.6 — Real Estate Recovery Program
Cal. Bus. & Prof. Code § 10471.6
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 2002-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If, at any time prior to the rendering of a decision on an application, the commissioner makes a preliminary determination that the aggregate valid applications of all aggrieved persons against that licensee are likely to exceed the limits of liability in Section 10474, the commissioner shall,…
Citator
Cal. Bus. & Prof. Code § 10471.6 — Real Estate Recovery Program is in force in the current edition of the Code, and nothing recorded condemns it.
If, at any time prior to the rendering of a decision on an application, the commissioner makes a preliminary determination that the aggregate valid applications of all aggrieved persons against that licensee are likely to exceed the limits of liability in Section 10474, the commissioner shall, in lieu of further administrative proceedings, initiate a proration proceeding pursuant to Section 10474.5 in a superior court of any county in this state that would be a proper court for the filing of a denied application or writ of mandamus pursuant to Section 10471.5.