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Virginia · Through 9/4/2026 · Newer source version available

Va. Code § 54.1-1125: Assignment of claimant's rights to Board; payment of claim

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Where this section sits in the code
  1. Title 54.1. PROFESSIONS AND OCCUPATIONS
  2. Subtitle II. PROFESSIONS AND OCCUPATIONS REGULATED BY THE DEPARTMENT OF PROFESSIONAL AND OCCUPATIONAL REGULATION AND BOARDS WITHIN THE DEPARTMENT
  3. Chapter 11. CONTRACTORS
  4. Article 2. VIRGINIA CONTRACTOR TRANSACTION RECOVERY ACT

A. Subject to the provisions of § 54.1-1123 upon the claimant's execution and delivery to the Director of an assignment to the Board of his rights against the regulant, to the extent he received satisfaction from the Fund, the Director shall pay the claimant from the Fund the amount ordered by the Board.B. The Board may consider any amount owed to the Board for repayment of the Fund by an applicant for a license under this chapter when determining whether to grant such license.1980, c. 635, § 54-145.3:7; 1987, c. 555; 1988, c. 765; 1997, c. 885; 2013, c. 343.

Collected 2026-09-04T15:17:24Z. Source file · JSON

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