GroundRules
18VAC48-30-600: Maintenance of bond or letter of credit
Where this section sits in the code
- Title 18. Professional And Occupational Licensing
- Agency 48. Common Interest Community Board
- Chapter 30. Condominium Regulations
- Part VI. Post-Registration Provisions
A. The declarant shall report the extension, cancellation, amendment, expiration, termination, or any other change of any bond or letter of credit submitted in accordance with §§ 55.1-1921, 55.1-1968, and 55.1-1983 of the Code of Virginia within five days of the change.
B. The board at any time may request verification from the declarant of the status of a bond or letter of credit on file with the board. Such verification shall comply with the provisions of subdivision B 12 of 18VAC48-30-540.
C. Failure to report a change in the bond or letter of credit in accordance with this section shall result in further action by the board pursuant to Chapter 19 (§ 55.1-1900 et seq.) of Title 55.1 of the Code of Virginia.
Collected 2026-09-14T04:52:32Z. Source file · JSON