Va. Code §54.1-2346
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Common Interest Community Board — Manager License Required; Employee Certification

Management-company licensing: a CIC manager license is required to offer management services; principal/supervisory employees must be certified within two years of employment or directly supervised by a certified employee; licensees must carry a fidelity bond or employee-dishonesty policy at the lesser of $2 million or the highest aggregate client balances, with a $10,000 floor.

Status Active
Effective Oct 1, 2019
Verified Jul 9, 2026
Source Official text

Reviewed · Virginia changes feed

Statutory Text Verified Aug 5, 2026 · OTHER
Virginia Law Code of Virginia Title 54.1. Professions and Occupations Chapter 23.3. Common Interest Communities 8/6/2026 § 54.1-2346 . License required; certification of employees; renewal; provisional license. A. Unless exempted by § 54.1-2347 , any person, partnership, corporation, or other entity offering management services to a common interest community on or after January 1, 2009, shall hold a valid license issued in accordance with the provisions of this article prior to engaging in such management services. B. Unless exempted by § 54.1-2347 , any person, partnership, corporation, or other entity offering management services to a common interest community without being licensed in accordance with the provisions of this article shall be subject to the provisions of § 54.1-111 . C. On or after July 1, 2012, it shall be a condition of the issuance or renewal of the license of a common interest community manager that all employees of the common interest community manager who have principal responsibility for management services provided to a common interest community or who have supervisory responsibility for employees who participate directly in the provision of management services to a common interest community shall, within two years after employment with the common interest community manager, hold a certificate issued by the Board certifying the person possesses the character and minimum skills to engage properly in the provision of management services to a common interest community or shall be under the direct supervision of a certified employee of such common interest community manager. A common interest community manager shall notify the Board if a certificated employee is discharged or in any way terminates his active status with the common interest community manager. D. It shall be a condition of the issuance or renewal of the license of a common interest community manager that the common interest community manager shall obtain and maintain a blanket fidelity bond or employee dishonesty insurance policy insuring the common interest community manager against losses resulting from theft or dishonesty committed by the officers, directors, and persons employed by the common interest community manager. Such bond or insurance policy shall include coverage for losses of clients of the common interest community manager resulting from theft or dishonesty committed by the officers, directors, and persons employed by the common interest community manager. Such bond or insurance policy shall provide coverage in an amount equal to the lesser of $2 million or the highest aggregate amount of the operating and reserve balances of all associations under the control of the common interest community manager during the prior fiscal year. The minimum coverage amount shall be $10,000. E. It shall be a condition of the issuance or renewal of the license of a common interest community manager that the common interest community manager certifies to the Board (i) that the common interest community manager is in good standing and authorized to transact business in Virginia; (ii) that the common interest community manager has established a code of conduct for the officers, directors, and persons employed …
Compliance
Ref Requirement
(A) Management companies need the state license before they take the account.
Insurance
Ref Requirement
(D) The bond is sized to the client money the manager touches, not just its own.
Legal references last verified July 9, 2026. This content is educational and informational. It does not constitute legal advice. Consult a licensed attorney in your state for legal guidance specific to your situation.
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