Whenever a debt or other obligation secured by a deed of trust, mortgage or vendor's lien on real estate has been assigned, the assignor or the assignee, at its option, may cause the instrument of assignment to be recorded in the clerk's office of the circuit court where such deed of trust, mortgage or vendor's lien is recorded provided such instrument is otherwise in recordable form, or may cause a certificate of transfer signed by the assignor to be recorded in such clerk's office, and such instrument of assignment or certificate of transfer, upon recordation, shall operate as a notice of such assignment. The instrument of assignment or certificate of transfer shall be indexed in the name of the assignor and in the names of the obligor or maker, and the trustees, as applicable, all of whose names shall be set forth in such instrument or certificate. The certificate of transfer shall conform substantially to the following:

CERTIFICATE OF TRANSFER

Place of Record: Clerk's Office of the Circuit

Court of the ___________ of

____________, Virginia

Date of [Deed of Trust/

Mortgage/Vendor's Lien]: ________________,

Deed Book ________, Page ________

Name of Obligor or Maker: ___________________________________________________________________________

Names(s) of Trustee(s)

[if a Deed of Trust]: ___________________________________________________________________________

___________________________________________________________________________

Name of Original

Payee or Obligee: ___________________________________________________________________________

Original Amount Secured

[if applicable]:

$ ___________________________________________________________________________

The undersigned, the original payee or obligee [or the subsequent assignee] of the obligation secured by the above-mentioned [Deed of Trust/Mortgage/Vendor's Lien], hereby certifies that the obligations secured thereby have been assigned to ___________________________________________________________________________ ___________________________________________________________________________

[ If a credit line deed of trust, the name and address to which notice may be mailed or delivered to the Noteholder as provided by § 55-58.2 is as follows:

___________________________________________________________________________

___________________________________________________________________________ ]

Given under [my/our] hand(s) as of the ___________________________________________________________________________ day of __________________, __________

___________________________________________________________________________

(Assignor)

__________________ of _____________

County/City of _____________________, to wit:

Subscribed, sworn to and acknowledged before me by ___________________________________________________________________________

this ____________________ day of ___________________________________________________________________________ 20 __________

My Commission Expires: ___________________________________________________________________________

___________________________________________________________________________

Notary Public

For purposes of this statute, the word "assigned" shall include endorsed, pledged, hypothecated or otherwise transferred. Nothing in this statute shall be deemed to invalidate any other form or notice of assignment that may have been heretofore recorded. Nothing in this statute shall imply that recordation of the instrument of assignment or a certificate of transfer is necessary in order to transfer to an assignee the benefit of the security provided by the deed of trust, mortgage or vendor's lien.

1994, c. 806; 1995, c. 807; 1997, c. 205.