{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.9A-513.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.9A-513.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.9A-513.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.9A-513.html"}],"law_id":65185,"edition_id":1,"section_id":65185,"structure_id":13861,"section_number":"8.9A-513","catch_line":"Termination statement","history":"1964, c. 219, \u00a7 8.9-404; 1973, c. 509; 1975, c. 225; 1977, c. 539; 1982, c. 652; 1984, cc. 40, 771; 1988, c. 804; 1990, c. 412; 2000, c. 1007; 2024, c. 652.","full_text":"a\n\nConsumer goods. A secured party shall cause the secured party of record for a financing statement to file a termination statement for the financing statement if the financing statement covers consumer goods and:1\n\nthere is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; or2\n\nthe debtor did not authorize the filing of the initial financing statement.b\n\nTime for compliance with subsection (a). To comply with subsection (a), a secured party shall cause the secured party of record to file the termination statement:1\n\nwithin one month after there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; or2\n\nif earlier, within twenty days after the secured party receives a signed demand from a debtor.c\n\nOther collateral. In cases not governed by subsection (a), within twenty days after a secured party receives a signed demand from a debtor, the secured party shall cause the secured party of record for a financing statement to send to the debtor a termination statement for the financing statement or file the termination statement in the filing office if:1\n\nexcept in the case of a financing statement covering accounts or chattel paper that has been sold or goods that are the subject of a consignment, there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value;2\n\nthe financing statement covers accounts or chattel paper that has been sold but as to which the account debtor or other person obligated has discharged its obligation;3\n\nthe financing statement covers goods that were the subject of a consignment to the debtor but are not in the debtor’s possession; or4\n\nthe debtor did not authorize the filing of the initial financing statement.d\n\nEffect of filing termination statement. Except as otherwise provided in § 8.9A-510, upon the filing of a termination statement with the filing office, the financing statement to which the termination statement relates ceases to be effective. Except as otherwise provided in § 8.9A-510, for purposes of §§ 8.9A-519 (g), 8.9A-522 (a), and 8.9A-523 (c), the filing with the filing office of a termination statement relating to a financing statement that indicates that the debtor is a transmitting utility also causes the effectiveness of the financing statement to lapse.","order_by":null,"text":{"0":{"id":237092,"text":"Consumer goods. A secured party shall cause the secured party of record for a financing statement to file a termination statement for the financing statement if the financing statement covers consumer goods and:","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"a1"},"1":{"id":237093,"text":"there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; or","type":"section","prefixes":["a","1"],"prefix":"1","entire_prefix":"a1","prefix_anchor":"a1","level":2,"prior_prefix":"a","next_prefix":"a2"},"2":{"id":237094,"text":"the debtor did not authorize the filing of the initial financing statement.","type":"section","prefixes":["a","2"],"prefix":"2","entire_prefix":"a2","prefix_anchor":"a2","level":2,"prior_prefix":"a1","next_prefix":"b"},"3":{"id":237095,"text":"Time for compliance with subsection (a). To comply with subsection (a), a secured party shall cause the secured party of record to file the termination statement:","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a2","next_prefix":"b1"},"4":{"id":237096,"text":"within one month after there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; or","type":"section","prefixes":["b","1"],"prefix":"1","entire_prefix":"b1","prefix_anchor":"b1","level":2,"prior_prefix":"b","next_prefix":"b2"},"5":{"id":237097,"text":"if earlier, within twenty days after the secured party receives a signed demand from a debtor.","type":"section","prefixes":["b","2"],"prefix":"2","entire_prefix":"b2","prefix_anchor":"b2","level":2,"prior_prefix":"b1","next_prefix":"c"},"6":{"id":237098,"text":"Other collateral. In cases not governed by subsection (a), within twenty days after a secured party receives a signed demand from a debtor, the secured party shall cause the secured party of record for a financing statement to send to the debtor a termination statement for the financing statement or file the termination statement in the filing office if:","type":"section","prefixes":["c"],"prefix":"c","entire_prefix":"c","prefix_anchor":"c","level":1,"prior_prefix":"b2","next_prefix":"c1"},"7":{"id":237099,"text":"except in the case of a financing statement covering accounts or chattel paper that has been sold or goods that are the subject of a consignment, there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value;","type":"section","prefixes":["c","1"],"prefix":"1","entire_prefix":"c1","prefix_anchor":"c1","level":2,"prior_prefix":"c","next_prefix":"c2"},"8":{"id":237100,"text":"the financing statement covers accounts or chattel paper that has been sold but as to which the account debtor or other person obligated has discharged its obligation;","type":"section","prefixes":["c","2"],"prefix":"2","entire_prefix":"c2","prefix_anchor":"c2","level":2,"prior_prefix":"c1","next_prefix":"c3"},"9":{"id":237101,"text":"the financing statement covers goods that were the subject of a consignment to the debtor but are not in the debtor’s possession; or","type":"section","prefixes":["c","3"],"prefix":"3","entire_prefix":"c3","prefix_anchor":"c3","level":2,"prior_prefix":"c2","next_prefix":"c4"},"10":{"id":237102,"text":"the debtor did not authorize the filing of the initial financing statement.","type":"section","prefixes":["c","4"],"prefix":"4","entire_prefix":"c4","prefix_anchor":"c4","level":2,"prior_prefix":"c3","next_prefix":"d"},"11":{"id":237103,"text":"Effect of filing termination statement. Except as otherwise provided in § 8.9A-510, upon the filing of a termination statement with the filing office, the financing statement to which the termination statement relates ceases to be effective. Except as otherwise provided in § 8.9A-510, for purposes of §§ 8.9A-519 (g), 8.9A-522 (a), and 8.9A-523 (c), the filing with the filing office of a termination statement relating to a financing statement that indicates that the debtor is a transmitting utility also causes the effectiveness of the financing statement to lapse.","type":"section","prefixes":["d"],"prefix":"d","entire_prefix":"d","prefix_anchor":"d","level":1,"prior_prefix":"c4"}},"ancestry":[{"id":13861,"edition_id":1,"name":"Filing Office, Contents and Effectiveness of Financing Statement","identifier":"1","label":"subpart","depth":3,"order_by":1,"parent_id":13860,"metadata":{},"date_created":"2026-06-26 03:46:06","date_modified":"2026-06-26 03:46:06","permalink":{"id":284177,"object_type":"structure","relational_id":13861,"identifier":"1","token":"8.9A\/5\/1","url":"\/8.9A\/5\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13860,"edition_id":1,"name":"Filing","identifier":"5","label":"part","depth":2,"order_by":1,"parent_id":13277,"metadata":{},"date_created":"2026-06-26 03:46:06","date_modified":"2026-06-26 03:46:06","permalink":{"id":284175,"object_type":"structure","relational_id":13860,"identifier":"5","token":"8.9A\/5","url":"\/8.9A\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13277,"edition_id":1,"name":"Commercial Code \u2014 Secured Transactions","identifier":"8.9A","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:33","date_modified":"2026-06-26 03:44:33","permalink":{"id":283833,"object_type":"structure","relational_id":13277,"identifier":"8.9A","token":"8.9A","url":"\/8.9A\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":72400,"structure_id":13861,"section_number":"8.9A-501","catch_line":"Filing office","url":"\/8.9A-501\/","token":"8.9A\/5\/1\/8.9A-501","metadata":false},{"id":70542,"structure_id":13861,"section_number":"8.9A-502","catch_line":"Contents of financing statement; record of mortgage as financing statement; time of filing financing statement","url":"\/8.9A-502\/","token":"8.9A\/5\/1\/8.9A-502","metadata":false},{"id":81477,"structure_id":13861,"section_number":"8.9A-503","catch_line":"Name of debtor and secured party","url":"\/8.9A-503\/","token":"8.9A\/5\/1\/8.9A-503","metadata":false},{"id":54883,"structure_id":13861,"section_number":"8.9A-504","catch_line":"Indication of collateral","url":"\/8.9A-504\/","token":"8.9A\/5\/1\/8.9A-504","metadata":false},{"id":56694,"structure_id":13861,"section_number":"8.9A-505","catch_line":"Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions","url":"\/8.9A-505\/","token":"8.9A\/5\/1\/8.9A-505","metadata":false},{"id":61527,"structure_id":13861,"section_number":"8.9A-506","catch_line":"Effect of errors or omissions","url":"\/8.9A-506\/","token":"8.9A\/5\/1\/8.9A-506","metadata":false},{"id":65503,"structure_id":13861,"section_number":"8.9A-507","catch_line":"Effect of certain events on effectiveness of financing statement","url":"\/8.9A-507\/","token":"8.9A\/5\/1\/8.9A-507","metadata":false},{"id":83849,"structure_id":13861,"section_number":"8.9A-508","catch_line":"Effectiveness of financing statement if new debtor becomes bound by security agreement","url":"\/8.9A-508\/","token":"8.9A\/5\/1\/8.9A-508","metadata":false},{"id":86245,"structure_id":13861,"section_number":"8.9A-509","catch_line":"Persons entitled to file a record","url":"\/8.9A-509\/","token":"8.9A\/5\/1\/8.9A-509","metadata":false},{"id":84909,"structure_id":13861,"section_number":"8.9A-510","catch_line":"Effectiveness of filed record","url":"\/8.9A-510\/","token":"8.9A\/5\/1\/8.9A-510","metadata":false},{"id":77842,"structure_id":13861,"section_number":"8.9A-511","catch_line":"Secured party of record","url":"\/8.9A-511\/","token":"8.9A\/5\/1\/8.9A-511","metadata":false},{"id":87008,"structure_id":13861,"section_number":"8.9A-512","catch_line":"Amendment of financing statement","url":"\/8.9A-512\/","token":"8.9A\/5\/1\/8.9A-512","metadata":false},{"id":65185,"structure_id":13861,"section_number":"8.9A-513","catch_line":"Termination statement","url":"\/8.9A-513\/","token":"8.9A\/5\/1\/8.9A-513","metadata":false},{"id":59675,"structure_id":13861,"section_number":"8.9A-514","catch_line":"Assignment of powers of secured party of record","url":"\/8.9A-514\/","token":"8.9A\/5\/1\/8.9A-514","metadata":false},{"id":70878,"structure_id":13861,"section_number":"8.9A-515","catch_line":"Duration and effectiveness of financing statement; effect of lapsed financing statement","url":"\/8.9A-515\/","token":"8.9A\/5\/1\/8.9A-515","metadata":false},{"id":85389,"structure_id":13861,"section_number":"8.9A-516","catch_line":"What constitutes filing; effectiveness of filing","url":"\/8.9A-516\/","token":"8.9A\/5\/1\/8.9A-516","metadata":false},{"id":61963,"structure_id":13861,"section_number":"8.9A-517","catch_line":"Effect of indexing errors","url":"\/8.9A-517\/","token":"8.9A\/5\/1\/8.9A-517","metadata":false},{"id":64795,"structure_id":13861,"section_number":"8.9A-518","catch_line":"Claim concerning inaccurate or wrongfully filed record","url":"\/8.9A-518\/","token":"8.9A\/5\/1\/8.9A-518","metadata":false}],"previous_section":{"id":87008,"structure_id":13861,"section_number":"8.9A-512","catch_line":"Amendment of financing statement","url":"\/8.9A-512\/","token":"8.9A\/5\/1\/8.9A-512","metadata":false},"next_section":{"id":59675,"structure_id":13861,"section_number":"8.9A-514","catch_line":"Assignment of powers of secured party of record","url":"\/8.9A-514\/","token":"8.9A\/5\/1\/8.9A-514","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.9A-513\/","history_text":"

This law was first created in 1964. The record of its establishment is cataloged in chapter 219 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1964 \u201cActs\u201d aren\u2019t available online. It has been modified 9 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1973, chapter 509; in 1975, chapter 225; in 1977, chapter 539; in 1982, chapter 652; in 1984, chapters 40 and 771; in 1988, chapter 804; in 1990, chapter 412; in 2000, chapter 1007<\/a>; in 2024, chapter 652<\/a>.<\/p>","references":[{"id":71931,"section_number":"17.1-275","catch_line":"Fees collected by clerks of circuit courts; generally","order_by":null,"url":"\/17.1-275\/"},{"id":82799,"section_number":"55.1-655","catch_line":"Duties of filing officers","order_by":null,"url":"\/55.1-655\/"},{"id":76348,"section_number":"8.9A-315","catch_line":"Secured party's rights on disposition of collateral and in proceeds","order_by":null,"url":"\/8.9A-315\/"},{"id":86245,"section_number":"8.9A-509","catch_line":"Persons entitled to file a record","order_by":null,"url":"\/8.9A-509\/"}],"refers_to":[{"id":84909,"section_number":"8.9A-510","catch_line":"Effectiveness of filed record","order_by":null,"url":"\/8.9A-510\/"},{"id":78231,"section_number":"8.9A-519","catch_line":"Numbering, maintaining, and indexing records; communicating information provided in records","order_by":null,"url":"\/8.9A-519\/"},{"id":75566,"section_number":"8.9A-522","catch_line":"Maintenance and destruction of records","order_by":null,"url":"\/8.9A-522\/"},{"id":67311,"section_number":"8.9A-523","catch_line":"Information from filing office; sale or license of records","order_by":null,"url":"\/8.9A-523\/"}],"permalink":{"id":284227,"object_type":"law","relational_id":65185,"identifier":"8.9A-513","token":"8.9A\/5\/1\/8.9A-513","url":"\/8.9A-513\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.9A-513\/","token":"8.9A\/5\/1\/8.9A-513","dublin_core":{"Title":"Termination statement","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.9A-513","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> Consumer goods. A secured party<\/span> shall cause the secured party<\/span> of record for a financing statement to file a termination statement for the financing statement if the financing statement covers consumer goods and: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> there is no obligation secured by the collateral<\/span> covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> the debtor did not authorize the filing of the initial financing statement. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> Time for compliance with subsection (a). To comply with subsection (a), a secured party<\/span> shall cause the secured party<\/span> of record to file the termination statement: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> within one month after there is no obligation secured by the collateral<\/span> covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> if earlier, within twenty days after the secured party<\/span> receives a signed demand from a debtor. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

c.<\/span> Other collateral<\/span>. In cases not governed by subsection (a), within twenty days after a secured party<\/span> receives a signed demand from a debtor, the secured party<\/span> shall cause the secured party<\/span> of record for a financing statement to send to the debtor a termination statement for the financing statement or file the termination statement in the filing office if: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> except in the case of a financing statement covering accounts or chattel paper that has been sold or goods that are the subject of a consignment, there is no obligation secured by the collateral<\/span> covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> the financing statement covers accounts or chattel paper that has been sold but as to which the account debtor or other person obligated has discharged its obligation; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> the financing statement covers goods that were the subject of a consignment to the debtor but are not in the debtor’s possession<\/span>; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> the debtor did not authorize the filing of the initial financing statement. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

d.<\/span> Effect of filing termination statement. Except as otherwise provided in § 8.9A-510<\/a>, upon the filing of a termination statement with the filing office, the financing statement to which the termination statement relates ceases to be effective. Except as otherwise provided in § 8.9A-510<\/a>, for purposes of §§ 8.9A-519<\/a> (g), 8.9A-522<\/a> (a), and 8.9A-523<\/a> (c), the filing with the filing office of a termination statement relating to a financing statement that indicates that the debtor is a transmitting utility also causes the effectiveness of the financing statement to lapse. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTERMINATION STATEMENT (\u00a7 8.9A-513)\n\na. Consumer goods. A secured party shall cause the secured party of record for a\nfinancing statement to file a termination statement for the financing statement\nif the financing statement covers consumer goods and:\n\n 1. there is no obligation secured by the collateral covered by the financing\n statement and no commitment to make an advance, incur an obligation, or\n otherwise give value; or\n\n 2. the debtor did not authorize the filing of the initial financing statement.\n\nb. Time for compliance with subsection (a). To comply with subsection (a), a\nsecured party shall cause the secured party of record to file the termination\nstatement:\n\n 1. within one month after there is no obligation secured by the collateral\n covered by the financing statement and no commitment to make an advance, incur\n an obligation, or otherwise give value; or\n\n 2. if earlier, within twenty days after the secured party receives a signed\n demand from a debtor.\n\nc. Other collateral. In cases not governed by subsection (a), within twenty days\nafter a secured party receives a signed demand from a debtor, the secured party\nshall cause the secured party of record for a financing statement to send to the\ndebtor a termination statement for the financing statement or file the\ntermination statement in the filing office if:\n\n 1. except in the case of a financing statement covering accounts or chattel\n paper that has been sold or goods that are the subject of a consignment, there\n is no obligation secured by the collateral covered by the financing statement\n and no commitment to make an advance, incur an obligation, or otherwise give\n value;\n\n 2. the financing statement covers accounts or chattel paper that has been sold\n but as to which the account debtor or other person obligated has discharged\n its obligation;\n\n 3. the financing statement covers goods that were the subject of a consignment\n to the debtor but are not in the debtor’s possession; or\n\n 4. the debtor did not authorize the filing of the initial financing statement.\n\nd. Effect of filing termination statement. Except as otherwise provided in\n§ 8.9A-510, upon the filing of a termination statement with the filing\noffice, the financing statement to which the termination statement relates\nceases to be effective. Except as otherwise provided in § 8.9A-510, for\npurposes of §§ 8.9A-519 (g), 8.9A-522 (a), and 8.9A-523 (c), the\nfiling with the filing office of a termination statement relating to a financing\nstatement that indicates that the debtor is a transmitting utility also causes\nthe effectiveness of the financing statement to lapse.\n\nHISTORY: 1964, c. 219, \u00a7 8.9-404; 1973, c. 509; 1975, c. 225; 1977, c. 539;\n1982, c. 652; 1984, cc. 40, 771; 1988, c. 804; 1990, c. 412; 2000, c. 1007;\n2024, c. 652.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}