DRE Consumer Recovery Account

  California Secretary of State Debra Bowen recently gave notice of proposed amendments to the regulations governing the Victims of Corporate Fraud Compensation Fund.  California corporations and foreign corporations qualified to transact intrastate business here pay an annual $2.50 fee that is deposited into the VCFC Fund.  In 2004, the Secretary of State adopted regulations governing the the VCFC Fund.  According Read more...