Administrative Code

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Virginia Administrative Code
Title 18. Professional and Occupational Licensing
Agency 48. Common Interest Community Board
Chapter 30. Condominium Regulations
1/27/2020

18VAC48-30-580. Return of Completion Bond or Letter of Credit to Declarant.

A bond on file with the board pursuant to § 55.1-1921 of the Code of Virginia may be returned to the declarant upon written request. Such request shall include a copy of the recorded plat or plan showing completion or documentation acceptable to the board that the improvements to the common elements for which the bond was submitted is completed to the extent of the declarant's obligation.

Statutory Authority

§ 54.1-2349 of the Code of Virginia.

Historical Notes

Derived from Volume 31, Issue 20, eff. August 1, 2015; amended, Virginia Register Volume 36, Issue 06, eff. December 31, 2019.

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