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2006 SESSION

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SB 201 Contractor Transaction Recovery Act; streamlines administrative processing of claims

Introduced by: R. Edward Houck | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Department of Professional and Occupational Regulation; Contractor Transaction Recovery Act; Real Estate Transaction Recovery Act.  Streamlines the administrative processing of claims filed under the Contractor Transaction Recovery Act and Real Estate Transaction Recovery Act. Under the bill, the requirement to conduct an informal fact-finding conference (IFF) is eliminated unless the regulant has requested the proceeding. If the regulant has not requested an IFF the Department will present the claim to the Board for Contractors or the Real Estate Board to decide whether to approve or deny the claim.


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