D.C. Municipal Regulations (Last Updated: September 13, 2017) |
Title 17. BUSINESS, OCCUPATIONS, AND PROFESSIONALS |
Chapter 17-27. REAL ESTATE PRACTICE AND HEARINGS |
Section 17-2705. REAL ESTATE GUARANTY AND EDUCATION FUND PAYMENT TO APPLICANTS
Latest version.
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2705.1The Department shall make a payment from the Fund to an applicant for payment within sixty (60) days after an order is signed by the Board; provided, that sufficient money is on deposit in the Fund.
2705.2For purposes of this section, "sufficient fund" means the amount of money necessary to satisfy a duly authorized claim.
2705.3A duly authorized claim that remains unsatisfied due to insufficient money or deposit in the Fund shall accumulate interest at the rate of four percent (4%) per annum.
source
Final Rulemaking published at 52 DCR 6998 (July 29, 2005).