Virginia Decodedhttps://vacode.org36793954.1-1125Assignment of claimant’s rights to Board; payment of claim2026Professions and OccupationsProfessions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the DepartmentContractorsVirginia Contractor Transaction Recovery Act

A. Subject to the provisions of § 54.1-1123 upon the claimant’s execution and delivery to the Director of an assignment to the Board of his rights against the regulant, to the extent he received satisfaction from the Fund, the Director shall pay the claimant from the Fund the amount ordered by the Board.

B. The Board may consider any amount owed to the Board for repayment of the Fund by an applicant for a license under this chapter when determining whether to grant such license.

1980, c. 635, § 54-145.3:7; 1987, c. 555; 1988, c. 765; 1997, c. 885; 2013, c. 343.