VirginiaLand records; certain financing statements, recording and indexing fees.
What it does
Land records; certain financing statements; recording and indexing fees. Sets forth the fees that a clerk of the circuit court shall charge for recording and indexing a multipurpose deed of trust or mortgage, described in the bill as a deed of trust or mortgage, whether or not commercial, that serves multiple purposes and contains two or more components that may serve as independent legal instruments for independent legal purposes. The bill provides that no clerk of a circuit court shall assess separate recording and indexing fees for such multipurpose deed of trust or mortgage unless the person presenting such document or instruments requests that such document or instruments be recorded and indexed in more than a single instance.
More detail
The bill also provides that no recordation tax shall be required of a quitclaim deed or deed to correct a fraudulently recorded deed, including a deed of trust, between a grantor and grantee when no consideration has passed between the parties.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jul 21Continued from last sessionLatest
- Feb 25Continued to next session in Finance and Appropriations (15-Y 0-N)
- Feb 18Reported from Courts of Justice and rereferred to Finance and Appropriations (13-Y 0-N 1-A)Minor
- Feb 11Referred to Committee for Courts of JusticeMinor
- Feb 11Constitutional reading dispensed (on 1st reading)
- Feb 10Read third time and passed House (98-Y 0-N 0-A)Passed House
- Feb 9Read second time and engrossedMinor
- Feb 6Fiscal Impact Statement from Department of Planning and Budget (HB448)
- Feb 6Read first timeMinor
- Feb 4Reported from Courts of Justice (22-Y 0-N)Minor
- Jan 28Subcommittee recommends reporting (8-Y 0-N)
- Jan 26Assigned HCJ sub: CivilMinor
- Jan 22Referred from General Laws and referred to Courts of Justice (Voice Vote)Minor
- Jan 12Referred to Committee on General LawsMinor
- Jan 12Prefiled and ordered printed; Offered 01-14-2026 26103483DIntroduced