Land records; certain financing statements, recording and indexing fees.

Summary

The bill updates Virginia’s land‑recording laws to set standard fees for filing and indexing multipurpose deeds of trust or mortgages and to prohibit separate fees for each purpose unless multiple copies are requested. It also eliminates recordation taxes on quit‑claim deeds and fraud‑correction deeds when no consideration passes between parties. The changes impact lenders, borrowers, and anyone filing real‑property documents with circuit court clerks.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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