 |
Virginia Administrative Code (Last Updated: January 10, 2017) |
 |
Title 13. Housing |
|
Agency 6. Virginia Manufactured Housing Board |
|
Chapter 20. Manufactured Housing Licensing and Transaction Recovery Fund Regulations |
Section 460. Revocation of license
Latest version.
-
Upon payment to a claimant from the fund, the board shall immediately revoke the license of the regulant whose conduct resulted in the payment from the fund. Any regulant whose license is revoked under this section shall not be eligible to apply for a new license, renewal, or reinstatement of license until he has repaid the fund the full amount of the payments from the fund on his amount, plus interest, calculated at the rate of interest the recovery fund was earning at the time of the payment from the fund.
Historical Notes
Derived from VR449-01-02 § 7.5, eff. April 1, 1994; amended, Volume 28, Issue 20, eff. July 4, 2012.