Code of Virginia § 46.2-641. Who to hold certificate of title subject to security interest.
94 words·~1 min read·
/va/title-46-2/chapter-6/46-2-641A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The certificate of title of a motor vehicle, trailer, or semitrailer shall be delivered to the person holding the security interest having first priority on the motor vehicle, trailer, or semitrailer and retained by him until the entire amount of his security interest is fully paid by the owner. When the security interest is fully paid, the certificate of title shall be delivered to the secured party next in order of priority or, if none, then to the owner.
Code 1950, § 46-74; 1958, c. 541, § 46.1-74; 1966, c. 558; 1989, c. 727.