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2012 Utah Code
Title 61 - Securities Division - Real Estate Division
Article 2f - Real Estate Licensing and Practices Act
Section 509 - Insufficient funds to satisfy judgments -- Procedure and interest.
Universal Citation:
UT Code ยง 61-2f-509 (2012)
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61-2f-509. Insufficient funds to satisfy judgments -- Procedure and interest.
If money deposited in the fund and allotted for satisfying a final judgment against a real estate licensee is insufficient to satisfy an order issued in accordance with Section 61-2f-508, when sufficient money is deposited in the fund, the division shall:
(1) satisfy the unpaid claims in the order that the unpaid claims are originally filed; and
(2) pay with the claim accumulated interest at the rate of 8% per annum.
Renumbered and Amended by Chapter 379, 2010 General Session
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