SB715

Virginia SB715 modifies land records, financing statements, and recording and indexing fees.

Virginia SB715 amends land records, financing statements, and recording and indexing fees. It exempts certain deeds from recordation taxes, such as deeds of distribution without consideration, multipurpose deeds of trust or mortgages, and deeds of gift, quitclaim deeds, or deeds to correct a fraudulently recorded deed. It also exempts leases to the United States, the Commonwealth, or any political subdivision from recordation taxes. The bill sets specific fees for various services provided by clerks of circuit courts, including fees for recording deeds, leases, and other documents.