(a) If the commission receives a claim for an award from the recovery fund that complies with the requirements of AS 08.88.450 - 08.88.495, the commission shall make an award from the recovery fund in an amount not to exceed $15,000. Not more than $15,000 may be paid for each transaction, regardless of the number of persons injured or the number of parcels of real estate involved in the transaction.
(b) [Repealed, § 24 ch 113 SLA 2008.]
(c) [Repealed, § 24 ch 113 SLA 2008.]
(d) [Repealed, § 24 ch 113 SLA 2008.]
(e) [Repealed, § 24 ch 113 SLA 2008.]
(f) [Repealed, § 24 ch 113 SLA 2008.]
Structure Alaska Statutes
Title 8. Business and Professions
Chapter 88. Real Estate Brokers and Other Licensees
Article 4. Real Estate Recovery Fund.
Sec. 08.88.450. Real estate recovery fund.
Sec. 08.88.455. Payments by real estate licensees.
Sec. 08.88.460. Claim for payment.
Sec. 08.88.465. Consideration of application.
Sec. 08.88.472. Fund operations; charges against fund.
Sec. 08.88.475. Maximum liability.
Sec. 08.88.480. Order of claim payment.
Sec. 08.88.485. False claims or documents.