Code of Virginia - Title 8.9A Commercial Code - Secured Transactions - Part 5 Filing

8.9A-501 Filing office
(a) Filing offices. Except as otherwise provided in subsection (b), if the local law of the Commonwealth governs perfection of a security interest or agricultural ...
8.9A-502 Contents of financing statement; record of mortgage as financing statement; time of filing financin...
(a) Sufficiency of financing statement. Subject to subsection (b), a financing statement is sufficient only if it: (1) provides the name of the debtor; (2) ...
8.9A-503 Name of debtor and secured party
(a) Sufficiency of debtor's name. A financing statement sufficiently provides the name of the debtor: (1) if the debtor is a registered organization, only if ...
8.9A-504 Indication of collateral
A financing statement sufficiently indicates the collateral that it covers if the financing statement provides: (1) a description of the collateral pursuant to § 8.9A-108; ...
8.9A-505 Filing and compliance with other statutes and treaties for consignments, leases, other bailments, a...
(a) Use of terms other than "debtor" and "secured party." A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a ...
8.9A-506 Effect of errors or omissions
(a) Minor errors and omissions. A financing statement substantially satisfying the requirements of this part is effective, even if it has minor errors or omissions, ...
8.9A-507 Effect of certain events on effectiveness of financing statement
(a) Disposition. A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which ...
8.9A-508 Effectiveness of financing statement if new debtor becomes bound by security agreement
(a) Financing statement naming original debtor. Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect ...
8.9A-509 Persons entitled to file a record
(a) Person entitled to file record. A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment ...
8.9A-510 Effectiveness of filed record
(a) Filed record effective if authorized. A filed record is effective only to the extent that it was filed by a person that may file ...
8.9A-511 Secured party of record
(a) Secured party of record. A secured party of record with respect to a financing statement is a person whose name is provided as the ...
8.9A-512 Amendment of financing statement
(a) Amendment of information in financing statement. Subject to § 8.9A-509, a person may add or delete collateral covered by, continue or terminate the effectiveness ...
8.9A-513 Termination statement
(a) Consumer goods. A secured party shall cause the secured party of record for a financing statement to file a termination statement for the financing ...
8.9A-514 Assignment of powers of secured party of record
(a) Assignment reflected on initial financing statement. Except as otherwise provided in subsection (c), an initial financing statement may reflect an assignment of all of ...
8.9A-515 Duration and effectiveness of financing statement; effect of lapsed financing statement
(a) Five-year effectiveness. Except as otherwise provided in subsections (b), (e), (f), and (g), a filed financing statement is effective for a period of five ...
8.9A-516 What constitutes filing; effectiveness of filing
(a) What constitutes filing. Except as otherwise provided in subsection (b), communication of a record to a filing office and tender of the filing fee ...
8.9A-517 Effect of indexing errors
The failure of the filing office to index a record correctly does not affect the effectiveness of the filed record. (2000, c. 1007.) ...
8.9A-518 Claim concerning inaccurate or wrongfully filed record
(a) Correction statement. A person may file in the filing office a correction statement with respect to a record indexed there under the person's name ...
8.9A-519 Numbering, maintaining, and indexing records; communicating information provided in record...
(a) Filing office duties. For each record filed in a filing office, the filing office shall: (1) assign a unique number to the filed record; ...
8.9A-520 Acceptance and refusal to accept record
(a) Mandatory refusal to accept record. A filing office shall refuse to accept a record for filing for a reason set forth in § 8.9A-516 ...
8.9A-521 Uniform form of written financing statement and amendment
(a) Initial financing statement form. A filing office that accepts written records may not refuse to accept a written initial financing statement in the following ...
8.9A-522 Maintenance and destruction of records
(a) Post-lapse maintenance and retrieval of information. The filing office shall maintain a record of the information provided in a filed financing statement for at ...
8.9A-523 Information from filing office; sale or license of records
(a) Acknowledgment of filing written record. - If a person that files a written record requests an acknowledgment of the filing, the filing office shall ...
8.9A-524 Delay by filing office
Delay by the filing office beyond a time limit prescribed by this part is excused if: (1) the delay is caused by interruption of communication ...
8.9A-525 Fees
(a) Initial financing statement or other record; general rule. - Except as otherwise provided in subsection (e), the fee for filing and indexing a record ...
8.9A-526 Promulgation of rules
(a) The State Corporation Commission shall promulgate and make available to the public such rules as it deems necessary to implement this title. Such rules ...
8.9A-527 Duty to report
The State Corporation Commission may report annually to the Governor and General Assembly on the operation of the filing office. The report may contain a ...

Last modified: April 3, 2009