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VEH 12203: (a) The recovery corporation shall establish a consumer recovery fund for the payment of claims as provided in this c…

DIVISION 5. OCCUPATIONAL LICENSING AND BUSINESS REGULATIONS

Executive Summary

California Vehicle Code section 12203 ((a) The recovery corporation shall establish a consumer recovery fund for the payment of claims as provided in this c…) addresses (a) The recovery corporation shall establish a consumer recovery fund for the payment of claims as provided in this chapter. The recovery corporation shall receive funds from the department as provided in Section 4456.3 and shall promptly notify the department when the recovery fund…. Part of DIVISION 5. OCCUPATIONAL LICENSING AND BUSINESS REGULATIONS. Tags Clinic hosts the official statutory text unchanged below for registration, title, and compliance reference in California.

Key Takeaways

  • (a) The recovery corporation shall establish a consumer recovery fund for the payment of claims as provided in this chapter.
  • The recovery corporation shall receive funds from the department as provided in Section 4456.3 and shall promptly notify the department when the recovery fund….
  • (b) The recovery corporation shall establish and maintain an operations account within the recovery fund for the payment of costs of operations and….
  • The recovery corporation shall prepare, before its fiscal year end, an estimated annual operational budget projecting the costs of operations and….
  • The recovery corporation shall not expend more than two hundred fifty thousand dollars ($250,000) each fiscal year from the operations account for the….

Important Facts

Vehicle Code section
12203
Division
DIVISION 5. OCCUPATIONAL LICENSING AND BUSINESS REGULATIONS
Statutory text
Verbatim California Vehicle Code below the overview
VEH 12203: (a) The recovery corporation shall establish a consumer recovery fund for the payment of claims as provided in this c… | California Vehicle Code – Tags Clinic