How long do individuals have to file a claim with the Recovery Fund?

Individuals have 180 days to file a claim with the Recovery Fund. This timeframe is established to ensure that all claims are addressed in a timely manner while also allowing sufficient time for potential claimants to gather necessary information and documentation to support their claims. By requiring claims to be filed within this window, the Recovery Fund can manage its resources effectively and ensure that funds are available for those who genuinely need assistance due to losses incurred in real estate transactions. Understanding this timeframe is crucial for individuals to ensure their claims are eligible and processed appropriately.