{"data":{"id":"us-va/va.-code-8.9a-622","jurisdiction":"us-va","citation":"Va. Code § 8.9A-622","heading":"Effect of acceptance of collateral","body":"(a) Effect of acceptance. A secured party's acceptance of collateral in full or partial satisfaction of the obligation it secures:(1) discharges the obligation to the extent consented to by the debtor;(2) transfers to the secured party all of a debtor's rights in the collateral;(3) discharges the security interest or agricultural lien that is the subject of the debtor's consent and any subordinate security interest or other subordinate lien; and(4) terminates any other subordinate interest.(b) Discharge of subordinate interest notwithstanding noncompliance. A subordinate interest is discharged or terminated under subsection (a), even if the secured party fails to comply with this title.2000, c. 1007.","path":["Title 8.9A. COMMERCIAL CODE — SECURED TRANSACTIONS","Part 6. DEFAULT","Subpart 1. DEFAULT AND ENFORCEMENT OF SECURITY INTEREST"],"source_url":"https://law.lis.virginia.gov/vacode/8.9A-622/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:13:29Z","sha256":"9827405281c292191c6caf6c23595cdb38ed2fc2ea70285518e7df791b0a2a47","source_id":"us-va","stale":true,"prev":"us-va/va.-code-8.9a-621","next":"us-va/va.-code-8.9a-623"},"notice":"GroundRules: Original legal text. Not legal advice."}