Form CC-1520 Certificate of Transfer Instructions

To submit Form CC-1520, please ensure that all fields are accurately completed. Once finalized, you can submit the form to the appropriate clerk's office either in person or via mail. If electronic submissions are accepted, ensure you follow their guidelines accordingly.

No specific important dates apply to Form CC-1520 for 2024 and 2025. However, it is essential to stay updated with any changes in Virginia property laws that may affect its use.

The Form CC-1520 serves to document the transfer of property ownership securely and legally. This form consolidates the essential details surrounding the transaction, hence ensuring all parties are protected under Virginia law. Utilizing this form correctly is crucial for a smooth property transfer process.

• 1. Court Name: The name of the court where the instrument was recorded.
• 2. Date: The date of the deed of trust, mortgage, or other lien.
• 3. Deed Book Number: The deed book number where the instrument is recorded.
• 4. Page Number: The page number where the instrument is recorded.
• 5. Instrument Number: The instrument number where the instrument is recorded.
• 6. Parcel Identification Number: Tax map reference number as assigned by the locality.
• 7. Obligor(s) or Maker(s): Names of the individuals obligated under the document.
• 8. Trustee(s): Names of the trustees involved in the transfer.
• 9. Description of Property: Description of the property subject to the lien.
• 10. Original Payee(s): Names of the original payees involved in the transaction.
• 11. Present Holder(s): Names of the current holders, if different from original payees.
• 12. Date(s) of Note(s): Dates related to the notes or bonds linked to the transfer.
• 13. Original Secured Amount: The initial amount secured by the lien.
• 14. Present Principal Balance: The current outstanding balance of the lien.
• 15. Assignee(s): Names of individuals or entities assigned rights under the lien.
• 16. Credit Line Information: Details for notifications to noteholders for credit line Deeds of Trust.
• 17. Assignment Type: Indicates whether the assignment is in whole or in part.
• 18. Certificate Date: Date certifying the document.
• 19. Authorized Signer: Signature of the authorized person completing the form.
• 20. Notary Public Certificate: Certification by a notary public regarding the document.
• 21. Clerk's Recording Information: Details entered by the clerk during recording.

Failure to submit Form CC-1520 can lead to delays in property transfers. Without proper documentation, legal complications may arise during ownership transitions.

• Legal Delays: Delays in processing can lead to complications in property ownership and transfer.
• Financial Issues: Not completing the form may impact financial agreements tied to property transfer.
• Missed Deadlines: Parties may miss important deadlines for submitting documents, affecting legal standing.

• 1. Property Sales: Used when selling or buying real estate to document the transfer.
• 2. Liens and Mortgages: To record and assign liens or mortgages on properties.
• 3. Inheritance Transfers: Used for legal documentation when property is inherited.
• 4. Trust Transfers: Utilized when transferring properties into a trust.
• 5. Assignment of Interests: To document the assignment of interests under financial agreements.