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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>74246</law_id><section_number>46.2-1527.3</section_number><catch_line>Recovery from Fund, generally</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>46.2-1527.1</reference><reference>46.2-1527.5</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="46.2">Motor Vehicles</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Dealers and Driver Training Schools</unit><unit label="chapter" level="3" order_by="1" identifier="15">Motor Vehicle Dealers</unit><unit label="article" level="4" order_by="1" identifier="3.1">Motor Vehicle Transaction Recovery Fund</unit></structure><text>
						<section><p>Except as otherwise provided in this chapter, whenever any person is awarded a final judgment in a <span class="dictionary">court</span> of competent <span class="dictionary">jurisdiction</span> in the Commonwealth for (i) any loss or damage in connection with the purchase or lease of a motor vehicle by reason of any <span class="dictionary">fraud</span> practiced on him or fraudulent representation made to him by a licensed or registered <span class="dictionary">motor vehicle dealer</span> participating in the Motor Vehicle Transaction Recovery <span class="dictionary">Fund</span> or one of a dealer&#x2019;s <span class="dictionary">salespersons</span> acting for the dealer or within the scope of his employment or (ii) any loss or damage by reason of the violation by a dealer or <span class="dictionary">salesperson</span> participating in the Motor Vehicle Transaction Recovery <span class="dictionary">Fund</span> of any of the provisions of this chapter, the <span class="dictionary">judgment creditor</span> may file a verified claim with the <span class="dictionary">Board</span>, requesting payment from the <span class="dictionary">Fund</span> of the amount unpaid on the judgment subject to the following conditions:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> The claim shall be filed with the <span class="dictionary">Board</span> no sooner than 30 days and no later than 12 months after the judgment becomes final along with the <span class="dictionary">evidence</span> of compliance with subdivision 3 below. <a id="paragraph-266946" class="section-permalink" href="https://vacode.org/46.2-1527.3/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> The <span class="dictionary">Board</span> shall consider for payment claims submitted by retail purchasers of <span class="dictionary">motor vehicles</span>, and for purchases of <span class="dictionary">motor vehicles</span> by licensed or registered <span class="dictionary">motor vehicle dealers</span> who contribute to the <span class="dictionary">Fund</span>. The <span class="dictionary">Board</span> shall also consider for payment claims submitted by lessees of <span class="dictionary">motor vehicles</span> leased from licensed or registered <span class="dictionary">motor vehicle dealers</span> who contribute to the <span class="dictionary">Fund</span>. <a id="paragraph-266947" class="section-permalink" href="https://vacode.org/46.2-1527.3/#2"><i class="fa fa-link"/></a></p></section>
						<section id="3"><p><span class="prefix-number">3.</span> If the final judgment from a <span class="dictionary">court</span> of competent <span class="dictionary">jurisdiction</span> includes, as part of the judgment, an award of attorney fees and <span class="dictionary">court</span> costs, the <span class="dictionary">Fund</span> may include those in its payment of the claim if (i) the claimant had previously submitted to the <span class="dictionary">trial</span> <span class="dictionary">court</span> a detailed and itemized <span class="dictionary">affidavit</span> by <span class="dictionary">counsel</span> for the <span class="dictionary">judgment creditor</span> seeking such fees and costs, including a breakdown of the hours worked and the subject matter of those hours; (ii) said itemized <span class="dictionary">affidavit</span> formed the basis of the <span class="dictionary">court</span>&#x2019;s award of such fees; and (iii) a copy of such <span class="dictionary">affidavit</span> is provided to the <span class="dictionary">Board</span> with the <span class="dictionary">judgment creditor</span>&#x2019;s claim. If the award of attorney fees and costs by the <span class="dictionary">trial</span> <span class="dictionary">court</span> was not based on a detailed and itemized <span class="dictionary">affidavit</span> from <span class="dictionary">counsel</span> for the <span class="dictionary">judgment creditor</span> with a breakdown of the hours worked, then the <span class="dictionary">Board</span> may review and limit any claim for attorney fees to those attorney fees directly attributable to that portion of the final judgment that is determined to be a compensable claim by the <span class="dictionary">Board</span> against the <span class="dictionary">Fund</span>, and the <span class="dictionary">Board</span> may require a detailed itemization from <span class="dictionary">counsel</span> before considering such claim for attorney fees. <a id="paragraph-266948" class="section-permalink" href="https://vacode.org/46.2-1527.3/#3"><i class="fa fa-link"/></a></p></section></text><history>1994, c. 478; 1995, cc. 767, 816; 1998, c. 325; 2003, c. 331; 2007, c. 826; 2015, c. 615.</history><metadata></metadata></law>
