A verified claim for payment from the Transaction Recovery Fund MUST occur within a maximum of what period of time from the date the claimant was awarded a final judgment?

A verified claim for payment from the Transaction Recovery Fund MUST occur within a maximum of what period of time from the date the claimant was awarded a final judgment?

• A. 6 months
• B. 12 months
• C. 18 months
• D. 24 months

Answer: (B)

The timing idea being tested is the deadline for filing with the Transaction Recovery Fund after a final monetary judgment is issued. You must submit a verified claim within twelve months from the date the final judgment is entered by the court. This sets a clear, enforceable window for recovery, ensuring the fund can verify the judgment and process payments in an orderly way. If that one-year limit passes, the claim is typically unavailable for payment from the fund, even if there is a judgment against the contractor. The requirement for a verified claim also means you provide sworn documentation and supporting records to back up the claim and the judgment.

The timing idea being tested is the deadline for filing with the Transaction Recovery Fund after a final monetary judgment is issued. You must submit a verified claim within twelve months from the date the final judgment is entered by the court. This sets a clear, enforceable window for recovery, ensuring the fund can verify the judgment and process payments in an orderly way. If that one-year limit passes, the claim is typically unavailable for payment from the fund, even if there is a judgment against the contractor. The requirement for a verified claim also means you provide sworn documentation and supporting records to back up the claim and the judgment.