Virginia Decodedhttps://vacode.org5584554.1-2118Payment of claim; assignment of claimant’s rights to Board202554.1-2119Professions and OccupationsProfessions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the DepartmentReal Estate Brokers, Sales Persons and Rental Location AgentsVirginia Real Estate Transaction Recovery Act

The Director shall, subject to the provisions of § 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.

1977, c. 69, § 54-765.7; 1987, c. 555; 1988, c. 765.