Virginia Dealer Manual - Virginia Department of Motor Vehicles

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Virginia Dealer’s Manual October 1, 2009 If there is not enough money in the fund to fully reimburse all claimants, the fund will pay claims in the order in which they were filed until the limit is reached. Neither interest, punitive, nor exemplary damages will be paid from the fund. The fund will be available to reimburse claimant beginning July 1, 1989 for claims that arise on or after that date. For claims prior to that date a claimant may file a claim against the dealer’s surety bond. 8.2.5 Assignment of Rights MVDB will pay the claimant the amount of the unpaid judgment, up to $20,000 limit per claim and subject to other limitations as to availability of funds, upon the claimant’s execution and delivery of an Assignment of Claimant’s Rights, MVDB-24, against the dealer or salesperson. 8.2.6 Revocation of License When payment is made from the fund, the dealer or salesperson must reimburse the fund within 30 days. If the fund is not reimbursed, the dealer’s or salesperson’s license will be automatically revoked. The fund must be repaid in the full amount plus interest at the rate of eight percent a year, prior to reapplying for a license/certificate or salesperson’s license. 8.2.7 Source of Funding The recovery fund is established through assessment fees paid by licensed and registered motor vehicle dealers and salespersons. The MVTRF is not supported by tax revenues. NOTE: The information contained in this Chapter is only a Summary. For actual provisions, refer to the MVTRF in the Motor Vehicle Dealer Licensing Act. - 97 - Virginia Department of Motor Vehicles
Virginia Dealer’s Manual October 1, 2009 CHAPTER 9: FEES, CHARTS & FORMS 9.1 DLR 900-CHARTS LOCATED THROUGHOUT THE TEXT OF THIS MANUAL 9.1.1 Vehicle Plate Descriptions License Plate Descriptions - Single and Multi-Year Legend: 1 Scenic (Mountain to Seashore and Autumn (7 characters), or Patriot) Heritage 6 characters (Cardinal and Dogwood) available-Additional $10.00 fee. 2 Scenic or Heritage not available. 3 Communiplates available --Additional $10.00 fee. 4 May also be registered under Section 46.2-697 as a wrecker. 5 Communiplates available: One-time $10.00 fee 6 Local vehicle registration (LVR) fees, when applicable, will be added to this registration fee. (Refer to VLIC-314.) TYPE OF LICENSE PLATE Passenger 1,3,6 Passenger 1,3,6 Passenger 1,3,6 Passenger 1,3,6 Passenger 1,3,6 Passenger 1,3,6 Passenger 1,3,6 SYMBOL DESCRIPTION OF VEHICLE CODE SECTIONS 6 or 7 characters e.g., 3 letters - 4 numbers. 6 or 7 characters e.g., 3 letters - 4 numbers. 6 or 7 characters e.g., 3 letters - 4 numbers.> 6 or 7 characters e.g., 3 letters - 4 numbers.> 6 or 7 characters e.g., 3 letters - 4 numbers.> 6 or 7 characters e.g., 3 letters - 4 numbers.> 6 or 7 characters e.g., 3 letters - 4 numbers.> Motor vehicle designed and used exclusively for the transportation of passengers, not-for-compensation, with a seating capacity of not more than 10 persons including the driver and vehicles leased for 12 months or more. Motor vehicle used for the transportation of passengers, not-for-compensation, with a seating capacity of more than 10 persons including the driver. 46.2-694 (1) (2) (13) 46.2- 1168 46.2-694 (3) (13) 46.2-1168 School bus (Private) 46.2-694 (4) (13) 46.2-1168 Bus used exclusively for transporting persons to and from church or Sunday School for purpose of divine worship only. (Requires form VSA-71) Bus converted to incorporate full or parttime living quarters with seating capacity of not more than 10 adult persons including the driver. 46.2-694 (11) (13) 46.2-1168 46.2-694 (1) (2) (13) 46.2- 1168 Motor home or camper 46.2-694 (1) (2) (13) 46.2- 1168 Truck with a van-type body converted to full or part-time living quarters. 46.2-694 (1) (2) (13) 46.2- 1168 46.2-697 (1) - 98 - Virginia Department of Motor Vehicles
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Virginia Dealer Manual - Virginia Department of Motor Vehicles

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