California § 11418.1. 11418.1. (Added by Stats. 2025, Ch. 786, Sec. 57.)

California Statutes

§ 11418.1. — 11418.1. (Added by Stats. 2025, Ch. 786, Sec. 57.)

California § 11418.1.

JurisdictionCalifornia

Code BPCBusiness 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

This text of California § 11418.1. (11418.1. (Added by Stats. 2025, Ch. 786, Sec. 57.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Business and Professions Code - BPC Code § 11418.1. (2026).

Text

If the amount of liability of the Recovery Account as provided for in Section 11418 is insufficient to pay in full the valid claims of all aggrieved persons by whom claims have been filed against any one licensee, the amount shall be distributed among them in the ratio that their respective claims bear to the aggregate of the valid claims, or in any other manner as the court deems equitable. Distribution of any moneys shall be among the persons entitled to share therein, without regard to the order of priority in which their respective judgments may have been obtained or their claims have been filed. Upon petition of the bureau, the court may require all claimants and prospective claimants against one licensee to be joined in one action, to the end that the respective rights of all claiman

Free access — add to your briefcase to read the full text and ask questions with AI

If the amount of liability of the Recovery Account as provided for in Section 11418 is insufficient to pay in full the valid claims of all aggrieved persons by whom claims have been filed against any one licensee, the amount shall be distributed among them in the ratio that their respective claims bear to the aggregate of the valid claims, or in any other manner as the court deems equitable. Distribution of any moneys shall be among the persons entitled to share therein, without regard to the order of priority in which their respective judgments may have been obtained or their claims have been filed. Upon petition of the bureau, the court may require all claimants and prospective claimants against one licensee to be joined in one action, to the end that the respective rights of all claimants to the Recovery Account may be
equitably adjudicated and settled.