Connecticut § 20-324h Payment from guaranty fund.

Connecticut Statutes

§ 20-324h — Payment from guaranty fund.

Connecticut·Title 20 Professional and Occupational Licensing, Certification, Title Protection and Registration. Examining Boards·Ch. 392 Real Estate Licensees

When the commission has caused to be paid from the Real Estate Guaranty Fund any sum to the judgment creditor, the commission shall be subrogated to all of the rights of the judgment creditor up to the amount paid, and the judgment creditor shall assign all of his right, title and interest in the judgment up to such amount paid to the commission, and any amount and interest recovered by the commission on the judgment shall be deposited to the fund.

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When the commission has caused to be paid from the Real Estate Guaranty Fund any sum to the judgment creditor, the commission shall be subrogated to all of the rights of the judgment creditor up to the amount paid, and the judgment creditor shall assign all of his right, title and interest in the judgment up to such amount paid to the commission, and any amount and interest recovered by the commission on the judgment shall be deposited to the fund.

Connecticut § 20-324h (Payment from guaranty fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(1969, P.A. 525, S. 8; P.A. 85-124, S. 2; P.A. 90-332, S. 23, 32; P.A. 98-10, S. 29.) History: P.A. 85-124 removed the provision that payment from the fund by the commission is triggered by a court order; P.A. 90-332 specified “real estate” commission to differentiate it from the recently created real estate appraisal commission; P.A. 98-10 made technical changes. Cited. 192 C. 439.