                                 CODE OF VIRGINIA

APPLICABILITY (§ 55.1-346)

The procedure authorized by this article for the release of a security interest
in real property using an automated electronic recording system may be used to
effect the release of a security interest regardless of when the security
interest was created, assigned, or satisfied by payment made by the settlement
agent. The procedure authorized by this section for the release of a security
interest shall constitute an optional method of accomplishing a release of a
security interest secured by property in the Commonwealth.

HISTORY: 2006, c. 907, § 55-66.8; 2019, c. 712.