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2002 SESSION


CHAPTER 71
An Act to amend and reenact § 8.9A-525 of the Code of Virginia, relating to Uniform Commercial Code; secured transactions; fees.
[S 184]
Approved March 4, 2002

Be it enacted by the General Assembly of Virginia:

1. That § 8.9A-525 of the Code of Virginia is amended and reenacted as follows:

§ 8.9A-525. Fees.

(a) Initial financing statement or other record; general rule. Except as otherwise provided in subsection (e), the fee for filing and indexing a record under this part, other than an initial financing statement of the kind described in subsection (b), is twenty dollars.

(b) Initial financing statement; public-finance and manufactured-housing transactions. Except as otherwise provided in subsection (e), the fee for filing and indexing an initial financing statement of the following kind is twenty dollars.

(c) Number of names. The number of names required to be indexed does not affect the amount of the fee in subsections subsection (a) and (b).

(d) Response to information request. The fee for responding to a request for information from the filing office, other than the State Corporation Commission, including for issuing a certificate showing whether there is on file any financing statement naming a particular debtor, is twenty dollars. The fees for responding to requests for information from the State Corporation Commission made pursuant to this title are governed by § 12.1-21.1.

(e) Record of mortgage. This section does not require a fee with respect to a record of a mortgage which is effective as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut under § 8.9A-502 (c). However, the recording and satisfaction fees that otherwise would be applicable to the record of the mortgage apply.