Within how many months must a Transaction Recovery Fund claim be filed after final judgment?

Within how many months must a Transaction Recovery Fund claim be filed after final judgment?

• A. 3 months
• B. 6 months
• C. 12 months
• D. 24 months

Answer: (C)

The timing tested is that a Transaction Recovery Fund claim must be filed within 12 months after final judgment. This deadline keeps the fund’s administration practical and resources available for active claims, because the fund exists to reimburse consumers after a licensed contractor’s dispute has been resolved in court. The clock starts when the underlying case reaches final judgment—when the court’s decision is final and no further appeals are pending (or after appeals are concluded). This ensures claim review occurs within a reasonable, fixed window and prevents indefinite liability or delays in processing.

The timing tested is that a Transaction Recovery Fund claim must be filed within 12 months after final judgment. This deadline keeps the fund’s administration practical and resources available for active claims, because the fund exists to reimburse consumers after a licensed contractor’s dispute has been resolved in court. The clock starts when the underlying case reaches final judgment—when the court’s decision is final and no further appeals are pending (or after appeals are concluded). This ensures claim review occurs within a reasonable, fixed window and prevents indefinite liability or delays in processing.