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County of Los Angeles
Department of Consumer Affairs
New Consumer Laws 2009

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REAL ESTATE RECOVERY FUND – RECOVERY AMOUNT INCREASED

AB 2454, Business & Professions Section 1047

The Real Estate Recovery Fund is available to those defrauded by real estate brokers and salespersons. This law increases the maximum recovery for consumers from $20,000 to $50,000, and the maximum for a licensee from $100,000 to $300,000.

May be reprinted for non-commercial use if a credit line is included acknowledging the County of Los Angeles Department of Consumer Affairs.

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For more information:
County of Los Angeles Department of Consumer Affairs
B-96 Kenneth Hahn Hall of Administration
500 W. Temple Street * Los Angeles, CA 90012-2706
Telephone (800) 593-8222 (within the County) * (213) 974-1452
Web site: dca.lacounty.gov