{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/54.1-2118.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/54.1-2118.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/54.1-2118.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/54.1-2118.html"}],"law_id":55845,"edition_id":1,"section_id":55845,"structure_id":14466,"section_number":"54.1-2118","catch_line":"Payment of claim; assignment of claimant’s rights to Board","history":"1977, c. 69, \u00a7 54-765.7; 1987, c. 555; 1988, c. 765.","full_text":"The Director shall, subject to the provisions of \u00a7 54.1-2116, pay to the claimant from the fund such amount as shall be directed by the Board upon the execution and delivery to the Director by such claimant of an assignment to the Board of the claimant’s rights against the regulant to the extent that such rights were satisfied from the fund.","order_by":null,"text":{"0":{"id":204593,"text":"The Director shall, subject to the provisions of \u00a7 54.1-2116, pay to the claimant from the fund such amount as shall be directed by the Board upon the execution and delivery to the Director by such claimant of an assignment to the Board of the claimant’s rights against the regulant to the extent that such rights were satisfied from the fund.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14466,"edition_id":1,"name":"Virginia Real Estate Transaction Recovery Act","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":12756,"metadata":{},"date_created":"2026-06-26 03:48:14","date_modified":"2026-06-26 03:48:14","permalink":{"id":240015,"object_type":"structure","relational_id":14466,"identifier":"2","token":"54.1\/II\/21\/2","url":"\/54.1\/II\/21\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12756,"edition_id":1,"name":"Real Estate Brokers, Sales Persons and Rental Location Agents","identifier":"21","label":"chapter","depth":3,"order_by":1,"parent_id":12755,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":239911,"object_type":"structure","relational_id":12756,"identifier":"21","token":"54.1\/II\/21","url":"\/54.1\/II\/21\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12755,"edition_id":1,"name":"Professions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the Department","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12754,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":239415,"object_type":"structure","relational_id":12755,"identifier":"II","token":"54.1\/II","url":"\/54.1\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12754,"edition_id":1,"name":"Professions and Occupations","identifier":"54.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":239313,"object_type":"structure","relational_id":12754,"identifier":"54.1","token":"54.1","url":"\/54.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":60222,"structure_id":14466,"section_number":"54.1-2112","catch_line":"Definitions","url":"\/54.1-2112\/","token":"54.1\/II\/21\/2\/54.1-2112","metadata":false},{"id":65698,"structure_id":14466,"section_number":"54.1-2113","catch_line":"Establishment and maintenance of fund, duty of Director, assessments of regulants","url":"\/54.1-2113\/","token":"54.1\/II\/21\/2\/54.1-2113","metadata":false},{"id":61533,"structure_id":14466,"section_number":"54.1-2114","catch_line":"Recovery from fund generally","url":"\/54.1-2114\/","token":"54.1\/II\/21\/2\/54.1-2114","metadata":false},{"id":69136,"structure_id":14466,"section_number":"54.1-2115","catch_line":"Investigations","url":"\/54.1-2115\/","token":"54.1\/II\/21\/2\/54.1-2115","metadata":false},{"id":59654,"structure_id":14466,"section_number":"54.1-2116","catch_line":"Limitations upon recovery from fund; certain actions not a bar to recovery","url":"\/54.1-2116\/","token":"54.1\/II\/21\/2\/54.1-2116","metadata":false},{"id":62973,"structure_id":14466,"section_number":"54.1-2117","catch_line":"Participation by Board in proceedings","url":"\/54.1-2117\/","token":"54.1\/II\/21\/2\/54.1-2117","metadata":false},{"id":55845,"structure_id":14466,"section_number":"54.1-2118","catch_line":"Payment of claim; assignment of claimant's rights to Board","url":"\/54.1-2118\/","token":"54.1\/II\/21\/2\/54.1-2118","metadata":false},{"id":72764,"structure_id":14466,"section_number":"54.1-2119","catch_line":"Revocation of license of regulant upon payment from fund","url":"\/54.1-2119\/","token":"54.1\/II\/21\/2\/54.1-2119","metadata":false},{"id":83015,"structure_id":14466,"section_number":"54.1-2120","catch_line":"No waiver by Board of disciplinary action against regulant","url":"\/54.1-2120\/","token":"54.1\/II\/21\/2\/54.1-2120","metadata":false}],"previous_section":{"id":62973,"structure_id":14466,"section_number":"54.1-2117","catch_line":"Participation by Board in proceedings","url":"\/54.1-2117\/","token":"54.1\/II\/21\/2\/54.1-2117","metadata":false},"next_section":{"id":72764,"structure_id":14466,"section_number":"54.1-2119","catch_line":"Revocation of license of regulant upon payment from fund","url":"\/54.1-2119\/","token":"54.1\/II\/21\/2\/54.1-2119","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/54.1-2118\/","history_text":"

This law was first created in 1977. The record of its establishment is cataloged in chapter 69 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1977 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1987, chapter 555; in 1988, chapter 765.<\/p>","references":[{"id":72764,"section_number":"54.1-2119","catch_line":"Revocation of license of regulant upon payment from fund","order_by":null,"url":"\/54.1-2119\/"}],"refers_to":[{"id":59654,"section_number":"54.1-2116","catch_line":"Limitations upon recovery from fund; certain actions not a bar to recovery","order_by":null,"url":"\/54.1-2116\/"}],"permalink":{"id":240041,"object_type":"law","relational_id":55845,"identifier":"54.1-2118","token":"54.1\/II\/21\/2\/54.1-2118","url":"\/54.1-2118\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/54.1-2118\/","token":"54.1\/II\/21\/2\/54.1-2118","dublin_core":{"Title":"Payment of claim; assignment of claimant’s rights to Board","Type":"Text","Format":"text\/html","Identifier":"\u00a7 54.1-2118","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Director<\/span> shall, subject to the provisions of \u00a7 54.1-2116<\/a>, pay to the claimant<\/span> from the fund<\/span> such amount as shall be directed by the Board<\/span> upon the execution and delivery to the Director<\/span> by such claimant<\/span> of an assignment to the Board<\/span> of the claimant<\/span>’s rights against the regulant<\/span> to the extent that such rights were satisfied from the fund<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPAYMENT OF CLAIM; ASSIGNMENT OF CLAIMANT’S RIGHTS TO BOARD (\u00a7 54.1-2118)\n\nThe Director shall, subject to the provisions of \u00a7 54.1-2116, pay to the\nclaimant from the fund such amount as shall be directed by the Board upon the\nexecution and delivery to the Director by such claimant of an assignment to the\nBoard of the claimant’s rights against the regulant to the extent that\nsuch rights were satisfied from the fund.\n\nHISTORY: 1977, c. 69, \u00a7 54-765.7; 1987, c. 555; 1988, c. 765.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}