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CRESPA bond is doubled

The CRESPA bond requirement is being increased, according to this announcement from the Virginia State Bar.An amendment to Code § 6.1-2.21 increasing the minimum CRESPA surety bond from $100,000 to $200,000 will be effective on July 1, 2008. UPDATE: Here's an update on Thursday afternoon, direct from the VSB Executive Committee which is meeting in Smithfield. ...

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