§ 54.1-2119. Revocation of license of regulant upon payment from fund
Upon payment by the Director to a claimant from the fund as provided in § 54.1-2118, the Board shall immediately revoke the license of the regulant whose improper or dishonest conduct, as defined in the act, resulted in payment from the fund. The regulant whose license was so revoked shall not be eligible to apply for a license as a real estate broker or real estate salesperson until he 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 from the fund.
(1977, c. 69, § 54-765.8; 1984, c. 266; 1987, c. 555; 1988, c. 765.)
Sections: Previous 54.1-2112 54.1-2113 54.1-2114 54.1-2115 54.1-2116 54.1-2117 54.1-2118 54.1-2119 54.1-2120 54.1-2130 54.1-2131 54.1-2132 54.1-2133 54.1-2134 54.1-2135 NextLast modified: April 16, 2009