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tamaranim1 [39]
3 years ago
12

In order to receive payment from the recovery fund in Illinois, the suit against the alleged violator must be filed within how m

any years of the alleged violation's occurrence?
Business
1 answer:
Norma-Jean [14]3 years ago
8 0

Answer:

2 years

Explanation:

According to the PROFESSIONS, OCCUPATIONS, AND BUSINESS OPERATIONS 225 ILCS 454/20-90, it is stated that "No action for a judgment that subsequently results in a post-judgment order for collection from the Real Estate Recovery Fund shall be started later than 2 years after the date on which the aggrieved person knew, or through the use of reasonable diligence should have known, of the acts or omissions giving rise to a right of recovery from the Real Estate Recovery Fund." Therefore in order to receive payment the suit must be filed within 2 years of the violation's occurrence.

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