§ 11412.2. — 11412.2. (Added by Stats. 2025, Ch. 786, Sec. 36.)

California § 11412.2.

• Jurisdiction: California
• Code BPC: Business and Professions Code - BPC
• Div. 4.: DIVISION 4. REAL ESTATE
• Part 3.: PART 3. LICENSING AND CERTIFICATION OF REAL ESTATE APPRAISERS
• Ch. 8.: CHAPTER 8. Real Estate Appraisers Regulation Fund

Text

(a)
In addition to the amount paid into the Recovery Account as set forth in Section 11411, the director may authorize a transfer from the Administration Account to the Recovery Account of any amount deemed necessary.
(b)
If the balance remaining in the Recovery Account contains more than four hundred thousand dollars ($400,000), the director may authorize the transfer of all or part of the surplus amount to the Administration Account.
(c)
The director may authorize the return to the Recovery Account of all or any amount previously transferred to the Administration Account under this section.

Legislative History

Added by Stats. 2025, Ch. 786, Sec. 36. (SB 774) Effective January 1, 2026. Repealed as of January 1, 2030, pursuant to Section 11420.