 |
Code of Virginia (Last Updated:July 28, 2020) |
 |
TITLE 54.1. Professions and Occupations |
|
|
SUBTITLE II. Professions and Occupations Regulated By the Department of Professional and Occupational Regulation and Boards Within the Department |
|
|
CHAPTER 21. Real Estate Brokers, Sales Persons and Rental Location Agents |
|
|
ARTICLE 2. Virginia Real Estate Transaction Recovery Act |
|
|
SECTION 54.1-2118. Payment of claim; assignment of claimant's rights to Board |
|
The Director shall, subject to the provisions of § 54.1-2116 , pay to the claimant from the fund such amount as shall be directed by the Board upon the execution and delivery to the Director by such claimant of an assignment to the Board of the claimant's rights against the regulant to the extent that such rights were satisfied from the fund. 1977, c. 69, § 54-765.7; 1987, c. 555; 1988, c. 765. |