Idaho Statutes
§ 54-2074 — AUTOMATIC SUSPENSION OF BROKER’S, ASSOCIATE BROKER’S OR SALESPERSON’S LICENSE ON PAYMENT BY COMMISSION — CONDITION FOR LICENSE REINSTATEMENT
If, pursuant to court order, the commission pays from the recovery fund any amount in settlement of a claim or towards satisfaction of a judgment against a licensed broker, associate broker or salesperson, the license of such broker, associate broker or salesperson shall be automatically suspended without further order of the commission upon the effective date of any order by the court as set forth herein authorizing payment from the recovery fund. No such broker, associate broker or salesperson shall be granted reinstatement until he has repaid in full, the amount so paid from the recovery fund plus interest at the legal rate of interest allowable by law for judgments.
Free access — add to your briefcase to read the full text and ask questions with AI
Idaho § 54-2074 (AUTOMATIC SUSPENSION OF BROKER’S, ASSOCIATE BROKER’S OR SALESPERSON’S LICENSE ON PAYMENT BY COMMISSION — CONDITION FOR LICENSE REINSTATEMENT) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
[54-2074, added 2000, ch. 285, sec. 3, p. 951.]
Nearby Sections
15
§ 54-1001
DECLARATION OF POLICY§ 54-1003
ADMINISTRATOR AUTHORITY§ 54-1003A
DEFINITIONS§ 54-1004
INSPECTION OF ELECTRICAL INSTALLATIONS — NOTICE OF CORRECTIONS — DISCONNECTING ELECTRICAL SERVICE§ 54-1006
IDAHO ELECTRICAL BOARD§ 54-1007
ISSUANCE OF LICENSES — RECIPROCITY§ 54-1008
DURATION OF LICENSE§ 54-101
SHORT TITLE