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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>70542</law_id><section_number>8.9A-502</section_number><catch_line>Contents of financing statement; record of mortgage as financing statement; time of filing financing statement</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>8.2A-309</reference><reference>8.9A-102</reference><reference>8.9A-109</reference><reference>8.9A-512</reference><reference>8.9A-514</reference><reference>8.9A-515</reference><reference>8.9A-520</reference><reference>8.9A-525</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="8.9A">Commercial Code &#x2014; Secured Transactions</unit><unit label="part" level="2" order_by="1" identifier="5">Filing</unit><unit label="subpart" level="3" order_by="1" identifier="1">Filing Office, Contents and Effectiveness of Financing Statement</unit></structure><text>
						<section id="a"><p><span class="prefix-number">a.</span> Sufficiency of financing statement. Subject to subsection (b), a financing statement is sufficient only if it: <a id="paragraph-254536" class="section-permalink" href="https://vacode.org/8.9A-502/#a"><i class="fa fa-link"/></a></p></section>
						<section id="a1" class="indent-1"><p><span class="prefix-number">1.</span> provides the name of the debtor; <a id="paragraph-254537" class="section-permalink" href="https://vacode.org/8.9A-502/#a1"><i class="fa fa-link"/></a></p></section>
						<section id="a2" class="indent-1"><p><span class="prefix-number">2.</span> provides the name of the secured <span class="dictionary">party</span> or a representative of the secured <span class="dictionary">party</span>; and <a id="paragraph-254538" class="section-permalink" href="https://vacode.org/8.9A-502/#a2"><i class="fa fa-link"/></a></p></section>
						<section id="a3" class="indent-1"><p><span class="prefix-number">3.</span> indicates the <span class="dictionary">collateral</span> covered by the financing statement. <a id="paragraph-254539" class="section-permalink" href="https://vacode.org/8.9A-502/#a3"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">b.</span> Real-property-related financing statements. Except as otherwise provided in &#xA7;&#xA0;<a class="law" title="Filing office" href="/8.9A-501/">8.9A-501</a> (b), to be sufficient, a financing statement that covers as-extracted <span class="dictionary">collateral</span> or timber to be cut, or which is filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy subsection (a) and also: <a id="paragraph-254540" class="section-permalink" href="https://vacode.org/8.9A-502/#b"><i class="fa fa-link"/></a></p></section>
						<section id="b1" class="indent-1"><p><span class="prefix-number">1.</span> indicate that it covers this type of <span class="dictionary">collateral</span>; <a id="paragraph-254541" class="section-permalink" href="https://vacode.org/8.9A-502/#b1"><i class="fa fa-link"/></a></p></section>
						<section id="b2" class="indent-1"><p><span class="prefix-number">2.</span> indicate that it is to be filed for record in the real property records; <a id="paragraph-254542" class="section-permalink" href="https://vacode.org/8.9A-502/#b2"><i class="fa fa-link"/></a></p></section>
						<section id="b3" class="indent-1"><p><span class="prefix-number">3.</span> provide a description of the real property to which the <span class="dictionary">collateral</span> is related sufficient to give constructive notice of a mortgage under the <span class="dictionary">law</span> of this state if the description were contained in a record of the mortgage of the real property; and <a id="paragraph-254543" class="section-permalink" href="https://vacode.org/8.9A-502/#b3"><i class="fa fa-link"/></a></p></section>
						<section id="b4" class="indent-1"><p><span class="prefix-number">4.</span> if the debtor does not have an interest of record in the real property, provide the name of a record owner. <a id="paragraph-254544" class="section-permalink" href="https://vacode.org/8.9A-502/#b4"><i class="fa fa-link"/></a></p></section>
						<section id="c"><p><span class="prefix-number">c.</span> Record of mortgage as financing statement. A record of a mortgage is effective, from the date of recording, as a financing statement filed as a fixture filing or as a financing statement covering as-extracted <span class="dictionary">collateral</span> or timber to be cut only if: <a id="paragraph-254545" class="section-permalink" href="https://vacode.org/8.9A-502/#c"><i class="fa fa-link"/></a></p></section>
						<section id="c1" class="indent-1"><p><span class="prefix-number">1.</span> the record indicates the goods or accounts that it covers; <a id="paragraph-254546" class="section-permalink" href="https://vacode.org/8.9A-502/#c1"><i class="fa fa-link"/></a></p></section>
						<section id="c2" class="indent-1"><p><span class="prefix-number">2.</span> the goods are or are to become fixtures related to the real property described in the record or the <span class="dictionary">collateral</span> is related to the real property described in the record and is as-extracted <span class="dictionary">collateral</span> or timber to be cut; <a id="paragraph-254547" class="section-permalink" href="https://vacode.org/8.9A-502/#c2"><i class="fa fa-link"/></a></p></section>
						<section id="c3" class="indent-1"><p><span class="prefix-number">3.</span> the record satisfies the requirements for a financing statement in this section, but: <a id="paragraph-254548" class="section-permalink" href="https://vacode.org/8.9A-502/#c3"><i class="fa fa-link"/></a></p></section>
						<section id="A"><p><span class="prefix-number">A.</span> the record need not indicate that it is to be filed in the real property records; and <a id="paragraph-254549" class="section-permalink" href="https://vacode.org/8.9A-502/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> the record sufficiently provides the name of a debtor who is an individual if it provides the individual name of the debtor or the surname and first personal name of the debtor, even if the debtor is an individual to whom &#xA7;&#xA0;<a class="law" title="Name of debtor and secured party" href="/8.9A-503/">8.9A-503</a>(a)(4) applies; and <a id="paragraph-254550" class="section-permalink" href="https://vacode.org/8.9A-502/#B"><i class="fa fa-link"/></a></p></section>
						<section id="B4" class="indent-1"><p><span class="prefix-number">4.</span> the record is duly recorded. <a id="paragraph-254551" class="section-permalink" href="https://vacode.org/8.9A-502/#B4"><i class="fa fa-link"/></a></p></section>
						<section id="d"><p><span class="prefix-number">d.</span> Filing before security agreement or <span class="dictionary">attachment</span>. A financing statement may be filed before a security agreement is made or a security interest otherwise attaches. <a id="paragraph-254552" class="section-permalink" href="https://vacode.org/8.9A-502/#d"><i class="fa fa-link"/></a></p></section></text><history>1964, c. 219, &#xA7; 8.9-402; 1966, c. 649; 1973, c. 509; 1976, c. 536; 1977, c. 539; 1978, cc. 284, 285; 1982, c. 652; 1999, c. 96; 2000, c. 1007; 2012, c. 155.</history><metadata></metadata></law>
