18.2-200.1 - Failure to perform promise for construction, etc., in return for advances. - Virginia Statutes

§ 18.2-200.1. Failure to perform promise for construction, etc., in returnfor advances.

If any person obtain from another an advance of money, merchandise or otherthing, of value, with fraudulent intent, upon a promise to performconstruction, removal, repair or improvement of any building or structurepermanently annexed to real property, or any other improvements to such realproperty, including horticulture, nursery or forest products, and fail orrefuse to perform such promise, and also fail to substantially make good suchadvance, he shall be deemed guilty of the larceny of such money, merchandiseor other thing if he fails to return such advance within fifteen days of arequest to do so sent by certified mail, return receipt requested, to hislast known address or to the address listed in the contract.

(1980, c. 459; 1987, c. 358.)