                                 CODE OF VIRGINIA

WHO TO HOLD CERTIFICATE OF TITLE SUBJECT TO SECURITY INTEREST (§ 46.2-641)

The certificate of title of a motor vehicle, trailer, or semitrailer shall be
delivered to the person holding the security interest having first priority on
the motor vehicle, trailer, or semitrailer and retained by him until the entire
amount of his security interest is fully paid by the owner. When the security
interest is fully paid, the certificate of title shall be delivered to the
secured party next in order of priority or, if none, then to the owner.

HISTORY: Code 1950, § 46-74; 1958, c. 541, § 46.1-74; 1966, c. 558; 1989, c.
727.