Bill Text: VA SB392 | 2016 | Regular Session | Prefiled

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2016-03-25 - Governor: Acts of Assembly Chapter text (CHAP0482) [SB392 Detail]

Download: Virginia-2016-SB392-Prefiled.html

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16100374D
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.