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1997 SESSION

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974182112
HOUSE BILL NO. 2225 Offered January 16, 1997 A BILL to amend the Code of Virginia by adding a section numbered 17-79.4, relating to recordation information form. ----------
Patrons-- Watts, Albo, Almand, Clement, Crouch, Davies, Dudley, Howell, Jackson, Kilgore, McClure, Mims, Phillips and Stump; Senators: Barry, Couric, Hawkins, Howell, Reasor, Reynolds and Saslaw
---------- Referred to Committee for Courts of Justice ----------

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 17-79.4 as follows:

§ 17-79.4. Requirement of recordation information form.

Any writing presented to the clerk of a circuit court may be required to be accompanied by a recordation information form. The recordation information from shall be used for indexing and collection of recordation tax information and shall not affect title to the interest conveyed by the instrument to which it is attached.

The recordation information form shall be recorded with the instrument, but shall not be considered an additional page pursuant to § 14.1-112 (2).

The clerk and any employee of the clerk who indexes the instrument according to the information provided in the recordation information form shall be held harmless for the errors or omissions of the preparer of the recordation information form.

The recordation information form shall be substantially to the following effect, to wit:

RECORDATION COVER SHEET

Instrument Type:
Name of Grantor(s):    1) ___________________________________________
                          (Last, First, M.I., Suffix - if applicable)
□ Check here for
  additional names     2) ___________________________________________
                          (Last, First, M.I., Suffix - if applicable)
Name of Grantee(s):    1) ___________________________________________
                          (Last, First, M.I., Suffix - if applicable)
□ Check here for
  additional names     2) ___________________________________________
                          (Last, First, M.I., Suffix - if applicable)
Mailing Address of
  Grantee(s):          ______________________________________________
                       ______________________________________________
                       ______________________________________________
Consideration:                            ___________________________
Assumption Balance (if applicable):       ___________________________
Refinance Existing Debt (if applicable):  ___________________________
Fair Market Value (if applicable):        ___________________________
Tax Exemption Code (if applicable):       ___________________________

Tax Map Number:                           ___________________________

Description of Property:                  ___________________________
                                          (Subdivision, Section, Lot)
                                          ___________________________
Prior Deed Recorded at:                   Deed Book            . Page
(If Applicable)
Return Recording To:                      ___________________________
Document Recorded By:                     ___________________________


ID #:                                     ___________________________