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)

When a claim goes through the Transaction Recovery Fund, the aim is to reimburse the homeowner for actual losses caused by the contractor and to cover reasonable, necessary costs incurred while pursuing the claim. Attorney’s fees fall into the category of costs that are often recoverable because they are directly tied to pursuing the claim and obtaining compensation under the fund’s provisions. Travel expenses, permit fees, and ongoing insurance premiums aren’t typically recoverable through the fund because they aren’t the direct damages caused by the contractor’s failure or the costs needed to pursue the claim. So, attorney’s fees are the type of cost the fund can include, making them the best answer.