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2013 SESSION

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HB 1801 Virginia Contractor Transaction Recovery Act; claims review process.

Introduced by: Daniel W. Marshall, III | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Board for Contractors; Virginia Contractor Transaction Recovery Act. Makes several changes to the Virginia Contractor Transaction Recovery Act to clarify the eligibility and assessment requirements for the claims review process including (i) adding a definition of "verified claim," (ii) clarifying the supporting documentation that must be provided by a claimant, and (iii) detailing efforts that must be taken to attempt collection of an unpaid judgment before a claim may be filed. The bill also removes the requirement for an informal fact-finding conference under the Administrative Process Act prior to the Board for Contractors making a final decision. In addition, the bill removes the requirement for the Board to immediately revoke the license of the contractor against whom the judgment had been obtained upon payment of a claim.


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