D.C. Mun. Regs. tit. 17, r. 17-2705

Current through Register Vol. 71, No. 49, December 6, 2024
Rule 17-2705 - REAL ESTATE GUARANTY AND EDUCATION FUND PAYMENT TO APPLICANTS
2705.1

The 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.

2705.2

For purposes of this section, "sufficient fund" means the amount of money necessary to satisfy a duly authorized claim.

2705.3

A 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.

D.C. Mun. Regs. tit. 17, r. 17-2705

Final Rulemaking published at 52 DCR 6998 (July 29, 2005)