Administrative Code

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Virginia Administrative Code
Title 13. Housing
Agency 6. Virginia Manufactured Housing Board
Chapter 20. Manufactured Housing Licensing and Transaction Recovery Fund Regulations

13VAC6-20-460. Revocation of license.

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.

Statutory Authority

§§ 36-85.18 and 36-85.36 of the Code of Virginia.

Historical Notes

Derived from VR449-01-02 § 7.5, eff. April 1, 1994; amended, Virginia Register Volume 28, Issue 20, eff. July 4, 2012.

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