(240 ILCS 40/30-20)
Sec. 30-20.
Recovery of funds.
Amounts paid from the Fund
in satisfaction of a valid claim constitute a debt and
obligation of the licensee against whom the claim was made. On
behalf of the Fund, the Director may bring suit, file a claim, or
intervene in any legal proceeding to recover from a failed
licensee, or upon any collateral and guarantees relating to the
failed licensee, the amount of the payment made from the Fund
together with interest at 6% per annum and all
expenses, costs, and attorneys' fees incurred by the Department in
its efforts to recover assets for the Fund in reference to the
failed licensee.
(Source: P.A. 89-287, eff. 1-1-96.)
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