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.
Va. Code Ann. § 36-85.33
Revocation of license upon payment from fund
Applied in 1 court decision — leading case 32 Va. App. 702 - Cdm Enterprises v. Manufactured Housing Bd. (2000)
Most recently applied in 32 Va. App. 702 - Cdm Enterprises v. Manufactured Housing Bd. (July 2000)
1991, c. 555; 1992, c. 223.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.