Get and Sign Virginia Contractors Recovery Fund Claim Form 2017-2022
Quick guide on how to complete when the transaction recovery fund balance falls below a statutory minimum it results in
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What is the Florida rEval estate recovery fund?The REval Estate Recovery Fund is an account created by the Florida REval Estate Commission (\u201cFREC\u201d) to reimburse any person, partnership, or corporation adjudged by a court of competent civil jurisdiction in this state to have suffered monetary damages by reason of any act committed, as a part of any rEval estate ...
What is the recovery fund?REval Estate Recovery Funds Law and Legal Definition. The rEval estate recovery fund means funds used for the reimbursement of aggrieved persons who suffer monetary damages due to acts committed by licensed rEval estate brokers or salesmen. Provided such act must be performed by a broker or salesman.
What is the maximum amount an individual could receive from the REval Estate Recovery Fund?Regardless of the number of applicants, payments from the REval Estate Recovery Trust Account may not exceed $50,000 per transaction, with a maximum of $100,000 per license holder for multiple transactions.
What are the limits of recovery from the rEval estate recovery trust fund?Consumers who apply for payment from the REval Estate Recovery Trust Account may recover up to $50,000 per transaction, with a maximum of $100,000 per license holder for multiple transactions.
What is the Transaction Recovery Fund?The Virginia REval Estate Transaction Recovery Act provides relief to eligible consumers who have incurred losses through the improper or dishonest conduct of a licensed rEval estate salesperson, broker, or firm. The Recovery Fund is supported entirely by assessments paid by licensees, not by any tax revenues.