Upon payment to a claimant from the fund, the Board shall immediately revoke the license of the regulant whose conduct resulted in this payment. Any regulant whose license is revoked shall not be eligible to apply for a license under this chapter until the regulant has repaid in full the amount paid from the fund on his account, plus interest.
1991, c. 555; 1992, c. 223.
Structure Code of Virginia
Chapter 4.2 - Manufactured Housing Licensing and Transaction Recovery Fund Law
§ 36-85.16:1. Certified mail; subsequent mail or notices may be sent by regular mail
§ 36-85.17. Manufactured Housing Board created; membership
§ 36-85.18. Powers and duties of Manufactured Housing Board
§ 36-85.19. License required; penalty
§ 36-85.20. Grounds for denying, suspending or revoking license
§ 36-85.21. Notice and hearing
§ 36-85.22. Set-up requirements; effect on insurance policies
§ 36-85.24. Presenting claims for warranties and defects
§ 36-85.26. Dealer alterations
§ 36-85.27. Determining length of manufactured homes
§ 36-85.28. Limitation on damages; disclosure to buyer
§ 36-85.29. Inspection of service records
§ 36-85.30. Other remedies not excluded
§ 36-85.31. Recovery fund to be established
§ 36-85.32. Recovery from fund generally
§ 36-85.33. Revocation of license upon payment from fund
§ 36-85.34. Disciplinary action by Board