HAR §16-99-79
HAR §16-99-79. Recovery fund settlement procedures
Cite as Haw. Code R. § 16-99-79
Upon the occurrence of
all of the following, the commission may settle any subsequent claim against the
real estate recovery fund involving a licensee that was previously named in an
order and on whose behalf the commission had been required to make payments out
from the recovery fund:
(1)
The claimant is seeking recovery against the same licensee as named
in an order for which the commission had been required to make a
payment from the recovery fund;
(2)
The claimant is similarly situated as the claimant named in an order
for which the commission has been required to make a payment
from the recovery fund;
(3)
The claimant notifies the commission in writing within the same
time period specified in section 467-18, HRS, that it has commenced
an action for a judgment which may result in collection from the real
estate recovery fund;
(4)
The claimant files a verified claim with the commission stating with
particularity the reasons, grounds, and evidence in support of
claimant's request for settlement directly with the commission;
(5)
The claimant gives reasonable notice to the licensee at the licensee's
last known address by registered or certified mail, restricted delivery
to addressee only, return receipt requested that claimant intends to
settle the claim directly with the commission together with a copy of
the verified claim. Where it is impossible to give licensee notice by
mail, claimant shall give notice to licensee by publication once in a
newspaper of general circulation in the State, that the claimant
intends to settle the claim directly with the commission, a summary
of the reasons, grounds, and evidence supporting claimant's relief
from the recovery fund. Any notice given shall also contain a
statement to the effect that any payment from the recovery fund shall
result in an automatic termination of the licensee's license;
(6)
The licensee has had an opportunity to respond within a reasonable
time, in writing, to claimant's verified claim;
§16-99-83
99-43
(7)
That claimant is not a spouse of the licensee, or the personal
representative of such spouse;
(8)
The claimant has made all reasonable searches and inquiries to
ascertain whether the licensee is possessed of real or personal
property or other assets, which may be used to satisfy the claim and
that by such search the claimant has discovered no such assets;
(9)
The commission is satisfied, that there is sufficient evidence to
support a settlement of the claim; and
(10)
The settlement is in the best interest of the real estate recovery
fund.[Eff and comp 11/3/90; comp 2/25/91; am and comp 5/21/01;
comp 12/19/16] (Auth: HRS §467-4) (Imp: HRS §467-16)
SUBCHAPTER 8
ORAL TESTIMONY