Sec. 20-324h. Payment from guaranty fund.
Sec. 20-324h. Payment from guaranty fund. 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.
(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.