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60 chapters · 1,178 sections in this title.
Va. Code Ann. § 54.1-2020 Definitions
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A. As used in this chapter, unless the context clearly requires otherwise: "Appraisal management company" means a person or entity that (i) provides appraisal management services to creditors or to secondary mortgage market participants, including affiliates; (ii) provides such s…
Va. Code Ann. § 54.1-2021 Exemptions
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The provisions of this chapter shall not apply to: 1. Any agency of the federal government or any agency of the Commonwealth or local government; 2. Any person or entity that exclusively employs persons on an employer and employee basis for the performance of appraisal services; …
Va. Code Ann. § 54.1-2021.1 Appraisal management companies; license required; posting of bond or letter of credit
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A. No person shall engage in business as an appraisal management company without a license issued by the Board. B. The Board may issue a license to do business as an appraisal management company in the Commonwealth to any applicant who has submitted a complete application and pro…
Va. Code Ann. § 54.1-2022 Appraisal management companies
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A. An appraisal management company shall not enter into any contracts or agreements with an independent appraiser for the performance of real estate appraisal services unless the independent appraiser is licensed to provide that service under § 54.1-2017 and as otherwise provided…