SB392: Real property; judgment creditor may record an instrument, upon payment of fee for recordation, etc.


VIRGINIA ACTS OF ASSEMBLY -- CHAPTER
An Act to amend and reenact § 8.01-453 of the Code of Virginia, relating to release of lien against real property.
[S 392]
Approved
 

Be it enacted by the General Assembly of Virginia:

1. That § 8.01-453 of the Code of Virginia is amended and reenacted as follows:

§ 8.01-453. When and how payment or discharge entered on judgment docket.

The fact of satisfaction of any judgment so docketed, and if there is more than one defendant, by which defendant it was satisfied, shall be entered by the clerk in whose office the judgment is docketed whenever it appears from a certificate of the clerk of the court in which the judgment was rendered that the judgment has been satisfied or upon the direction, in writing, of the judgment creditor or his duly authorized attorney or other agent. However, the judgment creditor may record an instrument, upon payment of the fees for recordation of each instrument pursuant to § 17.1-275, releasing the lien of any judgment so docketed as against one or more parcels of real property, even when full satisfaction of the judgment has not been made and entered by the clerk.

SENATE BILL NO. 392

Offered January 13, 2016
Prefiled January 11, 2016
A BILL to amend and reenact § 8.01-453 of the Code of Virginia, relating to release of lien against real property.
Patron-- Surovell

Referred to Committee for Courts of Justice

Be it enacted by the General Assembly of Virginia:

1. That § 8.01-453 of the Code of Virginia is amended and reenacted as follows:

§ 8.01-453. When and how payment or discharge entered on judgment docket.

The fact of satisfaction of any judgment so docketed, and if there is more than one defendant, by which defendant it was satisfied, shall be entered by the clerk in whose office the judgment is docketed whenever it appears from a certificate of the clerk of the court in which the judgment was rendered that the judgment has been satisfied or upon the direction, in writing, of the judgment creditor or his duly authorized attorney or other agent. However, the judgment creditor may record an instrument releasing the lien of any judgment so docketed as against one or more parcels of real property, even when full satisfaction of the judgment has not been made and entered by the clerk.