N.D. Cent. Code § 4.1-61-07

Current through 2023 Legislative Sessions
Section 4.1-61-07 - Credit-sale contract indemnity fund - Prorated claims

If claims for indemnity payments from the credit-sale contract indemnity fund exceed the amount in the fund, the commissioner shall prorate the claims and pay the prorated amounts. As future assessments are collected, the commissioner shall continue to forward indemnity payments to each eligible person until the person receives the maximum amount payable in accordance with this chapter.

N.D.C.C. § 4.1-61-07

Added by S.L. 2023 , ch. 89( HB 1393 ), § 4, eff. 7/1/2023.