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.
Structure Code of Virginia
Title 54.1 - Professions and Occupations
§ 54.1-1101. Exemptions; failure to obtain certificate of occupancy; penalties
§ 54.1-1102. Board for Contractors membership; offices; meetings; seal; record
§ 54.1-1104. Register of applicants
§ 54.1-1106. Application for Class A license; fees; examination; issuance
§ 54.1-1106.1. Violations of certain State Board of Health regulations; penalty
§ 54.1-1106.2. Additional monetary penalty for certain violations
§ 54.1-1108. Application for Class B license; fees; examination; issuance
§ 54.1-1108.1. Waiver of examination; designated employee; Board regulations
§ 54.1-1108.2. Application for Class C license; fees; issuance
§ 54.1-1109. Expiration and renewal of license or certificate
§ 54.1-1110. Grounds for denial or revocation of license or certificate
§ 54.1-1110.1. Re-examination of designated employee
§ 54.1-1111. Prerequisites to obtaining business license; building, etc., permit
§ 54.1-1112. Invitations to bid and specifications to refer to law
§ 54.1-1113. Nonresident bidders to appoint statutory agent for service of process
§ 54.1-1114. Filing and hearing of charges
§ 54.1-1115.01. Responsibility for contracting with persons lacking the proper credential
§ 54.1-1115.1. Evidence of violation of the Virginia Uniform Statewide Building Code
§ 54.1-1120. Recovery from Fund generally
§ 54.1-1120.1. Recovery on bond
§ 54.1-1122. Consideration of applications for payment
§ 54.1-1123. Limitations upon recovery from Fund; certain actions not a bar to recovery
§ 54.1-1124. Participation by Board or Director in proceeding
§ 54.1-1125. Assignment of claimant's rights to Board; payment of claim
§ 54.1-1127. No waiver by Board of disciplinary action against regulant
§ 54.1-1129. Necessity for licensure
§ 54.1-1129.1. Certification of water well systems providers; continuing education
§ 54.1-1132. Expiration and renewal of license or certificate
§ 54.1-1133. Continuing education
§ 54.1-1141. Certification required; exemption
§ 54.1-1142. Issuance of certification; emergency certification
§ 54.1-1142.1. Certifications in event of declared emergency
§ 54.1-1142.2. Certifications in event of shortage of elevator mechanics
§ 54.1-1143. Continuing education
§ 54.1-1146. Additional powers of the Board