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126 chapters · 809 sections in this title.
Va. Code Ann. § 59.1-434.1 Definitions
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As used in this chapter, unless the context requires a different meaning: "Board" means the Board of Agriculture and Consumer Services. "Commissioner" means the Commissioner of Agriculture and Consumer Services or his designee. "Home service contract" means a contract or agreemen…
Va. Code Ann. § 59.1-434.2 Registration; fees
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A. It shall be unlawful for any provider to offer, advertise, or execute or cause to be executed by the purchaser any home service contract for property in the Commonwealth unless the provider at the time of the solicitation, offer, advertisement, sale, or execution of a contract…
Va. Code Ann. § 59.1-434.3 Bond or letter of credit required
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A. Every provider shall maintain a funded reserve account for its obligations under its home service contracts issued and outstanding in the Commonwealth. The reserves shall not be less than 40 percent of gross consideration received, less claims paid, on the sale of the home ser…
Va. Code Ann. § 59.1-434.4 Regulations
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A. The Board is authorized to adopt reasonable regulations in order to implement provisions in this chapter relating to home service contracts. These regulations shall be adopted, amended, or repealed in accordance with the Administrative Process Act (§ 2.2-4000 et seq.). B. With…