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Form A492-0515BOND Time-Share Bond / Letter of Credit Verification Form - Common Interest Community Board - Virginia
What Is Form A492-0515BOND?
This is a legal form that was released by the Virginia Department of Professional and Occupational Regulation - a government authority operating within Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form A492-0515BOND?
A: Form A492-0515BOND is the Time-Share Bond/Letter of Credit Verification Form used by the Common Interest Community Board in Virginia.
Q: What is the Common Interest Community Board?
A: The Common Interest Community Board is a regulatory body in Virginia that oversees time-share and other common interest communities.
Q: What is a time-share bond?
A: A time-share bond is a form of financial assurance required by the Common Interest Community Board for time-share projects.
Q: What is a letter of credit?
A: A letter of credit is a financial document issued by a bank as a guarantee of payment.
Q: What is the purpose of Form A492-0515BOND?
A: The purpose of Form A492-0515BOND is to verify the existence and adequacy of a time-share bond or letter of credit for a time-share project.
Q: Who needs to submit Form A492-0515BOND?
A: Developers of time-share projects in Virginia are required to submit Form A492-0515BOND.
Q: What information is required in Form A492-0515BOND?
A: Form A492-0515BOND requires information about the developer, the time-share project, and the bond or letter of credit.
Q: Are there any fees associated with submitting Form A492-0515BOND?
A: Yes, developers are required to pay a fee when submitting Form A492-0515BOND.
Q: What happens after submitting Form A492-0515BOND?
A: After submitting Form A492-0515BOND, the Common Interest Community Board will review the form and verify the information provided.
Form Details:
- Released on March 1, 2021;
- The latest edition provided by the Virginia Department of Professional and Occupational Regulation;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form A492-0515BOND by clicking the link below or browse more documents and templates provided by the Virginia Department of Professional and Occupational Regulation.
Download Form A492-0515BOND Time-Share Bond / Letter of Credit Verification Form - Common Interest Community Board - Virginia
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