Which fund is funded by dealers and salespersons in Virginia?

The Motor Vehicle Transaction Recovery Fund is specifically designed to provide financial assistance to consumers who have suffered a loss due to a dealer or salesperson's failure to fulfill their obligations in a transaction. This fund is financed through fees collected from licensed motor vehicle dealers and salespersons in Virginia.

The purpose of the fund is to enhance consumer protection and instill confidence in the vehicle purchasing process. By requiring contributions from dealers and salespeople, the fund is able to offset potential losses that consumers may incur when they are wronged in a vehicle transaction.

In contrast, the other funds listed serve different purposes and are not specifically funded by dealers and salespersons. For example, the Motor Vehicle Inspection Fund typically deals with the operational costs associated with vehicle inspections. The State Highway Fund is generally financed through taxes and fees related to road usage and maintenance, and the Vehicle Safety and Maintenance Fund focuses on programs related to road safety and vehicle maintenance initiatives. Therefore, the Motor Vehicle Transaction Recovery Fund uniquely addresses the financial concerns of consumers in the context of vehicle transactions, making it the correct choice.