News and Information
July 18, 2007

Proposed Amendment: Increase CRESPA Surety Bond from $100,000 to $200,000

On March 22, 2007, the Virginia State Bar’s Public Protection Task Force approved a proposed amendment to Va. Code Section 6.1-2.21 to increase the CRESPA surety bond from $100,000 to $200,000. The Virginia State Bar Council will consider the proposed amendment when it meets on October 19, 2007, in Norfolk, Virginia.

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Comments or questions about the proposed amendment should be submitted in writing to Thomas A. Edmonds, Executive Director of the Virginia State Bar, 707 East Main Street, Suite 1500, Richmond, VA 23219, no later than October 1, 2007.

Updated: Jul 18, 2007