Virginia Contractor General Practice Test

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Prepare for the Virginia Contractor General Test with our comprehensive quiz. Utilize flashcards and multiple choice questions, complete with hints and explanations. Master the content to succeed on your exam!

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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
45 days
60 days

The correct answer is: 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.