Mortgage satisfaction; provisions. (SB447)

Introduced By

Sen. Jeannemarie Devolites Davis (R-Vienna)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Mortgage satisfaction. Imports into the Virginia Code provisions of the Uniform Residential Mortgage Satisfaction Act relating to definitions, notifications, rescinding erroneously recorded certificates of satisfaction, requirements on secured creditors, and the form and effect of satisfaction. Current Code provisions relating to payoff statements, mortgage satisfaction via settlement agents and court proceedings, and penalties for errors or omissions in satisfaction procedures are retained. The bill was passed by the 2005 Session, but was required to be reenacted. Read the Bill »


Bill Has Failed


01/11/2006Prefiled and ordered printed; offered 01/11/06 066514726
01/11/2006Referred to Committee on Commerce and Labor
01/23/2006Stricken at request of Patron in Commerce and Labor