SB 715 VA

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Introduced

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. 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.

• R. Creigh Deeds Democratic · primary

1. Jan 14, 2026 Presented and ordered printed 26101348D · upper
2. Jan 14, 2026 Referred to Committee for Courts of Justice · upper
3. Feb 2, 2026 Reported from Courts of Justice and rereferred to Finance and Appropriations (14-Y 0-N 1-A) · upper
4. Feb 10, 2026 Continued to next session in Finance and Appropriations (15-Y 0-N) · upper

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Introduced · PDF
• Introduced · HTML