Virginia Regulatory Town Hall
Agency
Department of Professional and Occupational Regulation
Guidance Document Information
Title Determining Value of Blanket Surety Bonds Filed by Developers in Lieu of Escrow Deposits
Document ID 6390
Summary The Board adopts a guidance document that establishes the following: For the purposes of determining the amount of any blanket bond that a developer maintains in any calendar year, the total amount of deposits considered held by the developer shall be determined as of May 31 in each calendar year and the amount of the bond shall be in accordance with the amount of deposits held as of May 31.
Effective Date 12/10/2020
pdf View document text     Posted On 11/30/2021                 Document on Town Hall

This document applies to the following chapters
[18 VAC 48-45] Time-Share Regulations
Public Comment Forums / Change History
Proposed Change Register Date Status
Determining Value of Blanket Surety Bonds Filed by Developers in Lieu of Escrow Deposits - Amendments to Reflect New Title 55.1 Resulting from Title 55 Recodification (SB 1080, 2019 General Assembly Session) 11/9/2020 Forum ended on 12/9/2020 with 0 Comments.


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