4 Va. Admin. Code § 25-130-882.14

Current through Register Vol. 41, No. 6, November 4, 2024

Section 4VAC25-130-882.14 - Satisfaction of liens

(a) A lien placed on private property shall be satisfied, to the extent of the value of the consideration received, at the time of transfer of ownership. Any unsatisfied portion shall remain as a lien on the property.

(b) The Director, when a lien is filed on private property, shall maintain or renew it from time to time as may be required under laws of the Commonwealth or local law.

(c) Moneys derived from the satisfaction of liens established under this Part shall be deposited in the Fund.

4 Va. Admin. Code § 25-130-882.14

Derived from VR480-03-19 § 882.14, eff. December 15, 1981; amended, eff. June 28, 1982; October 28, 1982; December 14, 1982; October 11, 1983; December 27, 1983; May 8, 1984; June 22, 1984; August 2, 1984; October 16, 1985; January 7, 1987; July 22, 1987; November 25, 1987; October 12, 1988; December 26, 1990; July 1, 1991; July 17, 1991; November 20, 1991; July 7, 1992; May 5, 1993; October 19, 1994.

Statutory Authority

§§ 45.1-161.3 and 45.1-230 of the Code of Virginia.