North Dakota § 43-23.2-03 Claims against fund - Orders for payment

North Dakota Statutes

§ 43-23.2-03 — Claims against fund - Orders for payment

North Dakota § 43-23.2-03

Title 43Occupations and Professions

Ch. 43-23.2Real Estate Education Fund

This text of North Dakota § 43-23.2-03 (Claims against fund - Orders for payment) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 43-23.2-03 (2026).

Text

When any aggrieved person obtains a final judgment in any court of competent jurisdiction
against any person licensed under chapter 43-23, on grounds of fraudulent, deceptive, or
dishonest practices, or conversion of trust funds arising directly out of any act or transaction
when the judgment debtor was licensed and performed acts for which a license is required
under chapter 43-23, the aggrieved person may, upon obtaining such final judgment, file an
application in the court in which the judgment was entered for an order directing payment out of

the fund in the amount of the actual and direct loss up to the sum of fifteen thousand dollars,
unpaid on the judgment, provided that nothing contained within this chapter may be construed
to obligate the fund for more than fifteen thousand dolla

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When any aggrieved person obtains a final judgment in any court of competent jurisdiction
against any person licensed under chapter 43-23, on grounds of fraudulent, deceptive, or
dishonest practices, or conversion of trust funds arising directly out of any act or transaction
when the judgment debtor was licensed and performed acts for which a license is required
under chapter 43-23, the aggrieved person may, upon obtaining such final judgment, file an
application in the court in which the judgment was entered for an order directing payment out of

the fund in the amount of the actual and direct loss up to the sum of fifteen thousand dollars,
unpaid on the judgment, provided that nothing contained within this chapter may be construed
to obligate the fund for more than fifteen thousand dollars per transaction regardless of the
number of persons aggrieved or parcels of real estate involved in the transaction. The
application must be verified and must be served on the commission and upon the judgment
debtor and an affidavit of service filed with the court.