Virginia Contractor Transaction Recovery Act

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Article 2 of the Code of Virginia, titled “Virginia Contractor Transaction Recovery Act.” It is part of Chapter 11 “Contractors”, which is part of Subtitle II “Professions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the Department”, which is part of Title 54.1 “Professions and Occupations”. It contains 11 laws.

It’s comprised of the following 11 sections.

§ 54.1-1118	Definitions
§ 54.1-1119	Assessments by Director; assignment to Fund; minimum balance; notice; penalties; costs of administration
§ 54.1-1120	Recovery from Fund generally
§ 54.1-1120.1	Recovery on bond
§ 54.1-1121	Investigations
§ 54.1-1122	Consideration of applications for payment
§ 54.1-1123	Limitations upon recovery from Fund; certain actions not a bar to recovery
§ 54.1-1124	Participation by Board or Director in proceeding
§ 54.1-1125	Assignment of claimant's rights to Board; payment of claim
§ 54.1-1126	Repealed
§ 54.1-1127	No waiver by Board of disciplinary action against regulant