{"data":{"id":"us-va/va.-code-55.1-349","jurisdiction":"us-va","citation":"Va. Code § 55.1-349","heading":"Secured creditor to submit satisfaction for recording; liability for failure","body":"A. A secured creditor shall submit for recording a satisfaction of a security instrument within 90 days after the creditor receives full payment or performance of the secured obligation in accordance with subsection B of § 55.1-339. If a security instrument secures a line of credit or future advances, the secured obligation is fully performed only if, in addition to full payment, the secured creditor has received a notification requesting the creditor to terminate the line of credit or containing a statement sufficient to terminate the effectiveness of the provision for future advances in the security instrument.B. A secured creditor who is required to submit a satisfaction of a security instrument for recording and fails to do so by the end of the period specified in subsection A is subject to liability under § 55.1-339.2006, c. 907, § 55-66.11; 2019, c. 712.","path":["Title 55.1. Property and Conveyances","Subtitle I. Property Conveyances","Chapter 3. Form and Effect of Deeds and Covenants; Liens","Article 3. Satisfaction of Security Interest in Real Property"],"source_url":"https://law.lis.virginia.gov/vacode/55.1-349/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:17:29Z","sha256":"6f4d4dfd8d6e68b411f422d01bf09115a848df367064e48b4e0ab7435cb8163d","source_id":"us-va","stale":true,"prev":"us-va/va.-code-55.1-348","next":"us-va/va.-code-55.1-350"},"notice":"GroundRules: Original legal text. Not legal advice."}