2017 Montana Code Annotated
TITLE 30. TRADE AND COMMERCE
CHAPTER 10. SECURITIES REGULATION
Part 10. Securities Restitution Assistance Fund
30-10-1006. Application for restitution assistance -- maximum amount of restitution assistance award
30-10-1006. (Temporary) Application for restitution assistance -- maximum amount of restitution assistance award. (1) A person who is eligible for restitution assistance under this part may submit an application, in a manner and form prescribed by the commissioner, to the department.
(2) An application must be received by the department within 2 years after the deadline for payment of restitution established in the final order.
(3) Except as provided in subsection (4), the maximum award from the fund for each claimant is the lesser of $25,000 or 25% of the amount of unpaid restitution awarded in a final order.
(4) If the claimant is a vulnerable person, the maximum award from the fund is the lesser of $50,000 or 50% of the amount of unpaid restitution awarded in the final order. (Terminates June 30, 2021--sec. 55, Ch. 151, L. 2017.)
History: En. Sec. 6, Ch. 58, L. 2011; amd. Sec. 5, Ch. 28, L. 2015.
