Conn. Gen. Stat. § 20-324a

Current with legislation from 2024 effective through June 5, 2024.

Section 20-324a - Real Estate Guaranty Fund

The commission shall establish and maintain a Real Estate Guaranty Fund from which, subject to the provisions of this section and sections 20-324b to 20-324i, inclusive, any person aggrieved by any action of a real estate licensee, duly licensed in this state under section 20-312, by reason of the embezzlement of money or property, or money or property unlawfully obtained from any person by false pretenses, artifice or forgery or by reason of any fraud, misrepresentation or deceit by or on the part of any such real estate licensee or the unlicensed employee of any such real estate licensee, may recover, upon approval by the commission of an application brought pursuant to the provisions of section 20-324e compensation in an amount not exceeding in the aggregate the sum of twenty-five thousand dollars in connection with any one real estate transaction or claim, regardless of the number of persons aggrieved or parcels of real estate involved in such real estate transaction or claim.

Conn. Gen. Stat. § 20-324a

(1969, P.A. 525, S. 1; P.A. 82-19; 82-422, S. 10, 14; P.A. 85-124, S. 1; P.A. 95-158 , S. 2 ; P.A. 96-200 , S. 15 ; P.A. 98-10 , S. 22 ; P.A. 16-117 , S. 1 .)

Amended by P.A. 23-0084,S. 21 of the Connecticut Acts of the 2023 Regular Session, eff. 4/1/2024.

Amended by P.A. 16-0117, S. 1 of the Connecticut Acts of the 2016 Regular Session, eff. 7/1/2016.

Cited. 189 C. 162 ; 192 C. 439 .