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Current as of January 01, 2025 | Updated by Findlaw Staff
A. The consumer recovery fund is established. The director shall administer the fund.
B. On notice from the director, the state treasurer shall invest and divest monies in the fund as provided by § 35-313, and monies earned from investment shall be credited to the fund.
C. The monies earned from investment may be used for the same purposes as all other monies deposited in the fund.
D. Recovery from the consumer recovery fund is limited to actual or compensatory damages, including costs but excluding interest or attorney fees.
E. Recovery from the consumer recovery fund is not limited by the consumer's right, if any, to also claim against a holder of a retail sales contract or promissory note that is secured by the property that is the subject matter of the claim.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 41. State Government § 41-4041. Consumer recovery fund - last updated January 01, 2025 | https://codes.findlaw.com/az/title-41-state-government/az-rev-st-sect-41-4041/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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