Escrow & Title
In Virginia, a 'satisfaction of mortgage' (or deed of release for a deed of trust) must be recorded within how many days of payoff under Virginia Code?
A30 days
B60 days✓ Correct
C90 days
D120 days
Explanation
Virginia Code requires lenders to record a deed of release (satisfaction/discharge) within 60 days of receiving full payoff of a deed of trust. Failure to timely record can result in penalties.
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