Adjudication of Violation Required; Final Order; Failure of Party to Pay

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Sec. 16. (a) The division may not award restitution assistance under this chapter unless the securities violation was adjudicated in a state or federal court or a regulatory agency administrative proceeding.

(b) The division may not award restitution assistance under this chapter unless:

(1) a final order has been entered ordering restitution to the victim in a proceeding described in subsection (a); and

(2) the party ordered to pay restitution has not paid the full amount.

As added by P.L.114-2010, SEC.12.


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