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6.3 When can I expect to receive payment and will the payment be pro-rated?

Question
6.3 When can I expect to receive payment and will the payment be pro-rated?
Effective Date
Answer

The VCF does not pro-rate payments. Your claim will be paid in full for the calculated loss amount at the time the payment is processed.  

Your award letter will include the estimated timing for your payment to be processed.  The VCF starts processing your payment one business day after the date of the award letter. Once the VCF begins processing the payment, it may take up to 20 days for the Special Master to authorize the payment. The payment then gets processed by the Department of Justice and the Treasury Department, which may take up to three weeks.  This means your payment should be issued to the designated bank account within two months from the date of your award letter.  This is a general estimate, and your payment may be processed faster.

Question Number
3