Virginia Contractor General Practice Test 2025 – Complete Exam Prep

Question: 1 / 400

If a licensee does not pay the additional fee for the contractor recovery fund at renewal, how much additional time is granted?

15 days

30 days

When a contractor licensee in Virginia does not pay the additional fee for the contractor recovery fund upon renewal, they are granted a grace period of 30 days to make the payment without facing penalties or lapses in their licensure. This is an important provision because it gives licensees a chance to rectify their payment status in a timely manner. If they fail to pay the additional fee within this correction period, their license could be affected, potentially leading to more severe consequences. The 30-day period is specifically outlined in Virginia's regulations to ensure that licensees remain informed and compliant with the necessary fee structures associated with the contractor recovery fund.

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45 days

60 days

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