§ 7-4A-11. Claim for loss -- Payment

   (a) Grounds for payment. -- The Board shall order full or partial payment of a claim by the Fund if, on the hearing, the claimant proves that the claimant has a valid claim under this subtitle.

(b) Actual monetary loss. -- The Board may order full or partial payment by the Fund only for the actual monetary loss suffered by the claimant as a result of the claim proven by the claimant.

(c) When payment can be made. -- A payment may not be made by the Fund under an order of the Board until:

   (1) The expiration of the time provided under Title 10, Subtitle 2 of the State Government Article for seeking judicial review of the Board's order; or

   (2) The expiration of any judicial stay of the order of the Board.

(d) Order of payment. -- The Board shall order payment of each claim due in the order in which the claim was awarded.

(e) Insufficient funds. -- If, at the time a payment is due, the money in the Fund is insufficient to satisfy fully the order for payment, the Board:

   (1) Immediately shall pay to the claimant the amount that is available in the Fund; and

   (2) When sufficient funds are available in the Fund, shall pay the claimant the balance due on the order.

HISTORY: 2008, ch. 532, § 1.