Deposit limit on consumer protection restitution account removed, and distribution limits set
Comm report: To pass and re-referred to Finance
Summary
The measure changes how money recovered by the attorney general in consumer enforcement actions is handled. Half of the recovered funds must now go to the general fund, and payouts to consumers are capped at the full amount up to $50,000 and then 50 % of any excess, limited to another $50,000. It affects consumers awaiting compensation and the state’s budgeting of enforcement recoveries.
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