2015 Code of Virginia
Title 55 - Property and Conveyances
§ 55-66.3:1. Release by financial institution upon payment of debt placed with it for collection
In any case where a note, bond or other evidence of indebtedness placed by a creditor for collection with a bank, trust company, savings institution, small loan company or credit union is fully paid at such financial institution, the financial institution, through its authorized agents, may execute all certificates, releases and affidavits required of a creditor by this chapter to effectuate a release. The financial institution may execute and deliver to the clerk an affidavit to the effect that the financial institution had been acting as collecting agent for the creditor on the debt and that the debt has been paid in full at such institution.
1983, c. 220; 1996, c. 77.
Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
