2015 Code of Virginia
Title 55 - Property and Conveyances
§ 55-66.01. Protection of assignees or transferees of debts secured by real estate; form of certificate of transfer

Whenever a debt or other obligation secured by a deed of trust, mortgage or vendor's lien on real estate has been assigned, the assignor or the assignee, at its option, may cause the instrument of assignment to be recorded in the clerk's office of the circuit court where such deed of trust, mortgage or vendor's lien is recorded provided such instrument is otherwise in recordable form, or may cause a certificate of transfer signed by the assignor to be recorded in such clerk's office, and such instrument of assignment or certificate of transfer, upon recordation, shall operate as a notice of such assignment. The instrument of assignment or certificate of transfer shall be indexed in the name of the assignor and in the names of the obligor or maker, and the trustees, as applicable, all of whose names shall be set forth in such instrument or certificate. The certificate of transfer shall conform substantially to the following:

CERTIFICATE OF TRANSFER

Place of Record:

Clerk's Office of the Circuit Court of the _______________ of _______________, Virginia

Date of [Deed of Trust/Mortgage/Vendor's Lien]: _______________,

Deed Book __________, Page _____

Name of Obligor or Maker:

________________________________________

Names(s) of Trustee(s) [if a Deed of Trust]:

________________________________________

________________________________________

Name of Original Payee or Obligee:

________________________________________

Original Amount Secured [if applicable]: $__________

The undersigned, the original payee or obligee [or the subsequent assignee] of the obligation secured by the above-mentioned [Deed of Trust/Mortgage/Vendor's Lien], hereby certifies that the obligations secured thereby have been assigned to _______________
________________________________________

[ If a credit line deed of trust, the name and address to which notice may be mailed or delivered to the Noteholder as provided by § 55-58.2 is as follows:

________________________________________

________________________________________ ]

Given under [my/our] hand(s) as of the __________ day of _______________, __________.

________________________________________
(Assignor)

______________ of ______________

County/City of ____________________, to wit:

Subscribed, sworn to and acknowledged before me by ____________________ this __________ day of _______________ 20_____.

My Commission Expires:____________________

________________________________________
Notary Public

For purposes of this statute, the word "assigned" shall include endorsed, pledged, hypothecated or otherwise transferred. Nothing in this statute shall be deemed to invalidate any other form or notice of assignment that may have been heretofore recorded. Nothing in this statute shall imply that recordation of the instrument of assignment or a certificate of transfer is necessary in order to transfer to an assignee the benefit of the security provided by the deed of trust, mortgage or vendor's lien.

1994, c. 806; 1995, c. 807; 1997, c. 205.