§ 54.1-1126. Revocation of license upon payment from Fund
Upon payment by the Director to a claimant from the Fund as provided in § 54.1-1125, the Board shall immediately revoke the license of the regulant whose improper or dishonest conduct resulted in this payment. Any regulant whose license is revoked shall not be eligible to apply for a license as a contractor until the regulant has repaid in full the amount paid from the Fund on his account, plus interest at the judgment rate of interest from the date of payment.
(1980, c. 635, § 54-145.3:8; 1984, c. 270; 1987, c. 555; 1988, c. 765; 1990, c. 911; 1995, c. 771; 1997, c. 885.)
Sections: Previous 54.1-1119 54.1-1120 54.1-1121 54.1-1122 54.1-1123 54.1-1124 54.1-1125 54.1-1126 54.1-1127 54.1-1128 54.1-1129 54.1-1129.1 54.1-1130 54.1-1131 54.1-1132 NextLast modified: April 16, 2009