If a claim is processed through the Transaction Recovery Fund, which of the following costs may be included?

If a claim is processed through the Transaction Recovery Fund, which of the following costs may be included?

• A. Attorneys' fees
• B. Travel expenses
• C. Permits fees
• D. Insurance premiums

Answer: (A)

The Transaction Recovery Fund covers costs directly tied to pursuing and recovering the money owed from a licensed contractor who caused a loss. Attorneys’ fees fit this bill because they are the direct expenses of bringing the claim and obtaining payment, helping the claimant recover funds through the recovery process. Travel expenses, permit fees, and insurance premiums aren’t typically included because they aren’t costs incurred specifically to pursue the claim or recover the loss under the fund’s purpose; they’re separate or ongoing costs not tied to the remedy of the transaction.

The Transaction Recovery Fund covers costs directly tied to pursuing and recovering the money owed from a licensed contractor who caused a loss. Attorneys’ fees fit this bill because they are the direct expenses of bringing the claim and obtaining payment, helping the claimant recover funds through the recovery process. Travel expenses, permit fees, and insurance premiums aren’t typically included because they aren’t costs incurred specifically to pursue the claim or recover the loss under the fund’s purpose; they’re separate or ongoing costs not tied to the remedy of the transaction.