TRANSFER OF RIGHTS AND REMEDIES TO THE BOARD

If the Board settles a claim against the fund in full or in part all rights and remedies of the claimant against the parties responsible for the loss pass to the Board to the extent of the settlement in terms of section 21 of the Act. The claimant, thus, loses all further rights of action against the estate agent or person responsible for the loss which then vest in the Board.




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