§ 8.01-436. Form of confession of judgment
On the presentation of any such power of attorney as is mentioned in § 8.01-435 by any of the persons therein named as attorney-in-fact, or on the personal appearance of the debtor and the expression by him of his desire to confess such judgment, the clerk of the court mentioned in such power of attorney, or before whom such debtor shall so appear, shall draw and require the attorney-in-fact so appearing, or the debtor, as the case may be, to sign a confession of judgment, which shall be in form substantially as follows:
"Virginia: In the clerk's office of the . . . . . . . . . . . . . . . . . .
court of the ............
of ............ , I, (or we) A.B., (or A.B. and C.D., etc.) hereby
acknowledged
myself (or ourselves) to be justly indebted to, and do hereby confess judgment
in favor of (name of creditor) in the sum of . . . . . . . . . dollars ($. .
. . . . . .) with interest thereon from the . . . . . . . . . . . . day of . .
. . . . . . . ., two thousand . . . . . . . . . . . ., until paid, and the
cost of this proceeding (including the attorney's fees and collection fees
provided for in the instrument on which the proceeding is based) hereby
waiving the benefit of my (or our) homestead exemptions as to the same,
provided the instrument on which the proceeding is based carries such
homestead waiver.
Given under my (or our) hand, this . . . . . . . . . day of . . . . . . . . .
. . . . . . . . ., two thousand and . . . . . . . . . . . . . . . . . .
(Signatures)
or, if by an attorney-in-fact, signatures and seals of debtors,
By . . . . . . . . . . . . . . . . . . . . . . . . . . . .
his (or their) attorney-in-fact."
(Code 1950, § 8-360; 1977, c. 617.)
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