VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2011 SESSION

• | print version

HB 1577 Lien and secured creditors; duties.

Introduced by: Rosalyn R. Dance | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Duties of lien and secured creditors.  Changes from 90 to 60 the number of days by which a secured creditor is required to submit for recording a satisfaction of a security instrument after the creditor receives full payment or performance of the secured obligation. The bill similarly changes from 90 to 60 the number of days by which a lien creditor is required, after full or partial payment or satisfaction has been made of a debt secured by a deed of trust, vendor's lien, or other lien, to provide a certificate of satisfaction to the settlement agent or deliver it to the clerk's office with the necessary fee for filing.

FULL TEXT

• 01/05/11  House: Prefiled and ordered printed; offered 01/12/11 11102749D  pdf

HISTORY

• 01/05/11  House: Prefiled and ordered printed; offered 01/12/11 11102749D
• 01/05/11  House: Referred to Committee for Courts of Justice
• 01/10/11  House: Assigned Courts sub: #2 Civil
• 01/12/11  House: Subcommittee recommends laying on the table by voice vote
• 02/08/11  House: Left in Courts of Justice