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Bill would create Consumer Protection Restitution Account to pay victims when defendants or businesses have no recoverable assets
Summary
Senate File 447 would establish a Consumer Protection Restitution Account administered by the Attorney General to pay restitution to consumers when defendants are insolvent, judgments cannot be collected or businesses have declared bankruptcy. The committee adopted author’s amendments and recommended the bill to State and Local Government.
Senate File 447, authored by Sen. John Rest, would create a Consumer Protection Restitution Account in the Attorney General’s office to pay restitution to consumers in civil consumer enforcement cases when the defendant cannot be located, is insolvent or otherwise cannot satisfy a court‑ordered restitution award.
The proposal directs half of certain money recovered by the Attorney General in consumer enforcement actions that would otherwise go to the general fund to be deposited into the restitution account, subject to an annual distribution cap of $1 million. The account would be used only to pay restitution…
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