Title 55.1. Property and Conveyances
Chapter 31. Release of Specific Property from Judgment Liens
§ 55.1-3100. Definitions.
As used in this chapter, unless the context requires a different meaning:
"Date of notice" means the date the notice is dispatched by one of the enumerated methods of notice.
"Judgment lien" includes a judgment lien pursuant to § 8.01-458 but does not include any lien in favor of the federal, state, or local government, or any political subdivision thereof, or a lien arising from a judgment in excess of $25,000, exclusive of interest and costs, as of the date of the award, or any judgement lien that was created or recorded within the immediately preceding three years.
"Lien creditor" or "creditor" means the holder, payee, or obligee of a judgment lien and includes the lien creditor as noted on the recorded judgment or abstract of judgment and his successor in interest, including any assignee noted on a recorded assignment or notice of assignment.
"Notice" means notice given in writing and sent by (i) certified mail, return receipt requested; (ii) commercial overnight delivery service for same day or next business day delivery; or (iii) the United States Postal Service for next business day delivery. The date of notice shall be stated in such notice.
"Property" means the piece or pieces of real property that are the subject of the settlement and cited on the notice and release.
"Settlement agent" means the same as it is defined in § 55.1-1000.
2023, c. 550.
