Section 12206 Of Chapter 11. Consumer Recovery Fund From California Vehicle Code >> Division 5. >> Chapter 11.
12206
. (a) Within 30 days of receiving an application, the recovery
corporation shall notify the applicant, in writing, that the
application is complete or, if the application is incomplete, what
additional information is required.
(b) (1) Within 60 days of the recovery corporation providing
notice to the applicant of a complete application, the recovery
corporation shall either pay the eligible claim from the fund as
prescribed in this chapter or deny the claim. A claim shall be deemed
granted unless the directors affirmatively vote to deny the claim.
(2) The recovery corporation, for good cause, may extend the
60-day period not more than an additional 90 days to investigate the
accuracy of the application or evidence submitted by a dealer or
lessor-retailer.
(c) A director shall not be involved in the decision of a claim if
the director has a financial interest in the outcome of the
decision; has a financial interest in or is employed by the
participant that is the subject of the claim; or has a familial or
close personal relationship with the claimant or an owner, officer,
director, or manager of the participant.