Mississippi MREC's Recovery Fund provides compensation to consumers who have suffered financial losses due to a licensee's fraud, misrepresentation, or deceit. The maximum payment from the fund per transaction is:

Explanation

Mississippi's Real Estate Recovery Fund has statutory limits on the amount that can be paid per transaction and per licensee. Consumers who obtain a final judgment against a licensee that cannot be collected may apply to the fund. The specific limits are set in Mississippi license law and subject to statutory maximums.