Virginia law sections 46.2-1527.3 and 46.2-1527.4 outline the procedures for recovering attorney fees from the Fund and the process for intervening in legal actions against licensed dealers or salespersons. The law specifies when the Board can review and limit attorney fee claims and details how parties must serve documents and notify the Board of claims involving potential violations or fraud. These provisions ensure proper oversight and transparency in claims against the Fund.
Attorney fees can only be claimed if there is a detailed, itemized affidavit from counsel showing hours worked, and the Board reviews and approves the claim based on the compensable portion of the judgment.
The Board reviews claims to ensure they are supported by detailed affidavits and may limit or require further itemization of attorney fees directly attributable to the judgment's compensable part.
The person must serve the Board with all pleadings and documents, including an affidavit of fraud or violations, and may request court permission to intervene through the Board or its representatives.
All pleadings and documents must be served to the Board by certified mail or an equivalent method, ensuring proper notification of claims or legal actions.