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1995 SESSION

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LD7632152
SENATE BILL NO. 933 Offered January 23, 1995 A BILL to amend and reenact § 55-66.4:1 of the Code of Virginia, relating to certificates of satisfaction. ---------- Patron--Reasor ---------- Referred to the Committee for Courts of Justice ----------

Be it enacted by the General Assembly of Virginia:

1. That § 55-66.4:1 of the Code of Virginia is amended and reenacted as follows:

§ 55-66.4:1. Permissible form for certificate of satisfaction or certificate of partial satisfaction.

Any release by a certificate of satisfaction or certificate of partial satisfaction shall be in conformity with §§ 55-66.3, 55-66.3:1 and 55-66.4 and shall conform substantially with the following forms:

                     CERTIFICATE OF SATISFACTION

Place of Record ..............................................
Date of Note/Deed of Trust ...................................
Face Amount Secured/Face Amount of Note:
Deed Book ......... Page .....................................
Name(s) of Grantor(s)/Maker(s)
.........................................
Name(s) of Trustee(s) ........................................
Date of Note(s) ..............................................
Maker(s) of Note(s) .........................................
Face Amount of Note(s) $ .....................................

  I/we, holder(s) of the above-mentioned note(s) secured by the
above-mentioned deed of trust to be produced before the clerk, do
hereby certify that the same has/have been paid in full therein.
GIVEN UNDER MY/OUR HAND(S) THIS ......... 
DAY OF ................., 19.... and the lien therein created and
retained is hereby released.

Given under my/our hand(s) this .......... day of ..........,
...............
                              ...............................
                               (NOTE HOLDERS) (Noteholder(s))
    Commonwealth of Virginia,
    County/City of  .................... to wit:
................ of...............
County/City of ............., to wit:

  Subscribed, sworn to and acknowledged before me by............ this
.................... day of .................., 19...........

My Commission Expires: My commission expires ...................
................

                                        ...........................
                                        NOTARY PUBLIC Notary Public

I certify that the note(s) mentioned in the foregoing certificate
duly cancelled was/were produced before the Clerk.

            Attest: ................................, Deputy Clerk

VIRGINIA;

IN THE CLERK'S OFFICE OF THE CIRCUIT COURT

This certificate was presented, and with the Certificate annexed,
admitted to record on ........... at ........ o'clock .....m.

Clerk's fees: $ ........ have been paid.

            Attest: ............................, Deputy Clerk
or:

                     CERTIFICATE OF PARTIAL SATISFACTION

Place of Record ...............................................
Date of Deed of Trust .........................................
Deed Book ......... Page ......................................
Name(s) of Grantor(s) .........................................
Name(s) of Trustee(s) .........................................
Maker(s) of Note(s)
Date of Note(s) ...............................................
Face Amount of Note(s) $ ......................................

  The lien of the above-mentioned deed of trust securing the
above-mentioned note(s) is released insofar as the same is applicable
to .................... (description of property) recorded in deed
book ........ at page ........ in the clerk's office of this court.
The undersigned is/are the legal holder(s) of the obligation(s),
note(s), bond(s), or other evidence of debt secured by said
the above-mentioned deed of trust.

  Given under my/our hand(s) this ....... day of .........,19.....
                                    ..............................
                                    ..............................
                                   (NOTE HOLDERS) (Noteholder (s))
Commonwealth of Virginia,
County/City of ................. to wit:

................ of...............
County/City of ............., to wit:

  Subscribed, sworn to and acknowledged before me by ...........
this     day of ............, 19.....

My Commission Expires: My commission expires:
.........................................

                                         ...........................
                                         NOTARY PUBLIC Notary Public

Notwithstanding the provisions of § 17-60.1, the clerk shall note on the margin of the deed book where a deed of trust is recorded, a reference to the deed book and page number where the certificate of satisfaction or certificate of partial satisfaction is recorded. The provisions of this paragraph shall not apply to procedural microfilm recording and microfilmed records.

Certificates conforming to this section prior to the amendment effective July 1, 1984, shall be deemed to be in substantial conformity thereto.