{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/55.1-326.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/55.1-326.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/55.1-326.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/55.1-326.html"}],"law_id":369882,"edition_id":2,"section_id":369882,"structure_id":52683,"section_number":"55.1-326","catch_line":"Evidences of indebtedness placed on equal footing","history":"1934, p. 516; Michie Code 1942, \u00a7 6457a; Code 1950, \u00a7 55-60.1; 2019, c. 712.","full_text":"When bonds, notes, or other evidences of indebtedness are secured by a deed of trust, mortgage, vendor&#8217;s lien, or other lien, such bonds, notes, or other evidences of indebtedness shall, in the event the lien is executed or foreclosed, be secured on an equal footing and shall be paid ratably out of the proceeds of any sale of property subjected to the lien and shall have no priority, the one over the other, whether by priority of assignment or otherwise, unless the instrument creating the lien expressly provides otherwise.\n\n","order_by":null,"text":{"0":{"id":1379999,"text":"When bonds, notes, or other evidences of indebtedness are secured by a deed of trust, mortgage, vendor&#8217;s lien, or other lien, such bonds, notes, or other evidences of indebtedness shall, in the event the lien is executed or foreclosed, be secured on an equal footing and shall be paid ratably out of the proceeds of any sale of property subjected to the lien and shall have no priority, the one over the other, whether by priority of assignment or otherwise, unless the instrument creating the lien expressly provides otherwise.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":52683,"edition_id":2,"name":"Form and Effect of Deeds of Trust; Sales Thereunder; Assignments; Releases","identifier":"2","label":"article","depth":4,"order_by":2,"parent_id":52679,"metadata":{"child_laws":31,"child_structures":0},"date_created":"2026-08-02 03:03:02","date_modified":"2026-08-02 12:35:21","permalink":{"id":1472063,"object_type":"structure","relational_id":52683,"identifier":"2","token":"55.1\/I\/3\/2","url":"\/55.1\/I\/3\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52679,"edition_id":2,"name":"Form and Effect of Deeds and Covenants; Liens","identifier":"3","label":"chapter","depth":3,"order_by":3,"parent_id":52601,"metadata":{"child_laws":67,"child_structures":4},"date_created":"2026-08-02 03:02:58","date_modified":"2026-08-02 12:35:21","permalink":{"id":1471987,"object_type":"structure","relational_id":52679,"identifier":"3","token":"55.1\/I\/3","url":"\/55.1\/I\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52601,"edition_id":2,"name":"Property Conveyances","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":52600,"metadata":{"child_laws":142,"child_structures":14},"date_created":"2026-08-02 03:01:36","date_modified":"2026-08-02 12:35:20","permalink":{"id":1471773,"object_type":"structure","relational_id":52601,"identifier":"I","token":"55.1\/I","url":"\/55.1\/I\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52600,"edition_id":2,"name":"Property and Conveyances","identifier":"55.1","label":"title","depth":1,"order_by":120,"parent_id":null,"metadata":{"child_laws":875,"child_structures":101},"date_created":"2026-08-02 03:01:36","date_modified":"2026-08-02 12:35:20","permalink":{"id":1471771,"object_type":"structure","relational_id":52600,"identifier":"55.1","token":"55.1","url":"\/55.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":369864,"structure_id":52683,"section_number":"55.1-316","catch_line":"Form of deed of trust to secure debts, etc","url":"\/55.1-316\/","token":"55.1\/I\/3\/2\/55.1-316","metadata":false},{"id":369865,"structure_id":52683,"section_number":"55.1-317","catch_line":"Requirements for trustees","url":"\/55.1-317\/","token":"55.1\/I\/3\/2\/55.1-317","metadata":false},{"id":369867,"structure_id":52683,"section_number":"55.1-318","catch_line":"Credit line deed of trust defined; relative priority of credit line deed of trust and other instruments of judgment","url":"\/55.1-318\/","token":"55.1\/I\/3\/2\/55.1-318","metadata":false},{"id":369866,"structure_id":52683,"section_number":"55.1-318.1","catch_line":"Effect of amendment to loan document on deed of trust","url":"\/55.1-318.1\/","token":"55.1\/I\/3\/2\/55.1-318.1","metadata":false},{"id":369868,"structure_id":52683,"section_number":"55.1-319","catch_line":"Priority of residential refinance mortgage over subordinate mortgage","url":"\/55.1-319\/","token":"55.1\/I\/3\/2\/55.1-319","metadata":false},{"id":369869,"structure_id":52683,"section_number":"55.1-320","catch_line":"How deed of trust construed; duties, rights, etc., of parties","url":"\/55.1-320\/","token":"55.1\/I\/3\/2\/55.1-320","metadata":false},{"id":369877,"structure_id":52683,"section_number":"55.1-321","catch_line":"Notices required before sale by trustee to owners, lienors, etc.; if note lost","url":"\/55.1-321\/","token":"55.1\/I\/3\/2\/55.1-321","metadata":false},{"id":369878,"structure_id":52683,"section_number":"55.1-322","catch_line":"Advertisement required before sale by trustee","url":"\/55.1-322\/","token":"55.1\/I\/3\/2\/55.1-322","metadata":false},{"id":369879,"structure_id":52683,"section_number":"55.1-323","catch_line":"Contents of advertisements of sale","url":"\/55.1-323\/","token":"55.1\/I\/3\/2\/55.1-323","metadata":false},{"id":369880,"structure_id":52683,"section_number":"55.1-324","catch_line":"Powers and duties of trustee in event of sale under or satisfaction of deed of trust","url":"\/55.1-324\/","token":"55.1\/I\/3\/2\/55.1-324","metadata":false},{"id":369881,"structure_id":52683,"section_number":"55.1-325","catch_line":"Meaning of phrases that may be included in deed of trust","url":"\/55.1-325\/","token":"55.1\/I\/3\/2\/55.1-325","metadata":false},{"id":369882,"structure_id":52683,"section_number":"55.1-326","catch_line":"Evidences of indebtedness placed on equal footing","url":"\/55.1-326\/","token":"55.1\/I\/3\/2\/55.1-326","metadata":false},{"id":369883,"structure_id":52683,"section_number":"55.1-327","catch_line":"Sales under deeds of trust that contain no maturity date or provision authorizing sale","url":"\/55.1-327\/","token":"55.1\/I\/3\/2\/55.1-327","metadata":false},{"id":369884,"structure_id":52683,"section_number":"55.1-328","catch_line":"Validation of conveyances of real property under trust instrument not authorizing sale","url":"\/55.1-328\/","token":"55.1\/I\/3\/2\/55.1-328","metadata":false},{"id":369885,"structure_id":52683,"section_number":"55.1-329","catch_line":"Permissible form for notice of sale under deed of trust","url":"\/55.1-329\/","token":"55.1\/I\/3\/2\/55.1-329","metadata":false},{"id":369886,"structure_id":52683,"section_number":"55.1-330","catch_line":"Construction of deeds requiring notice by advertisement in newspaper","url":"\/55.1-330\/","token":"55.1\/I\/3\/2\/55.1-330","metadata":false},{"id":369887,"structure_id":52683,"section_number":"55.1-331","catch_line":"Disposition of surplus from trustee's sale after death of grantor","url":"\/55.1-331\/","token":"55.1\/I\/3\/2\/55.1-331","metadata":false},{"id":369888,"structure_id":52683,"section_number":"55.1-332","catch_line":"Title to real estate sold not affected by nonlisting of secured notes for taxation","url":"\/55.1-332\/","token":"55.1\/I\/3\/2\/55.1-332","metadata":false},{"id":369889,"structure_id":52683,"section_number":"55.1-333","catch_line":"Validation of certain sales made under deeds of trust","url":"\/55.1-333\/","token":"55.1\/I\/3\/2\/55.1-333","metadata":false},{"id":369890,"structure_id":52683,"section_number":"55.1-334","catch_line":"Validation of certain sales made under deeds of trust prior to October 1, 1977","url":"\/55.1-334\/","token":"55.1\/I\/3\/2\/55.1-334","metadata":false},{"id":369891,"structure_id":52683,"section_number":"55.1-335","catch_line":"Validation of other sales under deeds of trust","url":"\/55.1-335\/","token":"55.1\/I\/3\/2\/55.1-335","metadata":false},{"id":369892,"structure_id":52683,"section_number":"55.1-336","catch_line":"Protection of assignees or transferees of debts secured by real estate; form of certificate of transfer","url":"\/55.1-336\/","token":"55.1\/I\/3\/2\/55.1-336","metadata":false},{"id":369893,"structure_id":52683,"section_number":"55.1-337","catch_line":"Required notice of foreclosure or repossession of manufactured home","url":"\/55.1-337\/","token":"55.1\/I\/3\/2\/55.1-337","metadata":false},{"id":369894,"structure_id":52683,"section_number":"55.1-338","catch_line":"Release to person dead inures to successors","url":"\/55.1-338\/","token":"55.1\/I\/3\/2\/55.1-338","metadata":false},{"id":369895,"structure_id":52683,"section_number":"55.1-339","catch_line":"Release of deed of trust or other lien","url":"\/55.1-339\/","token":"55.1\/I\/3\/2\/55.1-339","metadata":false},{"id":369896,"structure_id":52683,"section_number":"55.1-340","catch_line":"Release by financial institution upon payment of debt placed with it for collection","url":"\/55.1-340\/","token":"55.1\/I\/3\/2\/55.1-340","metadata":false},{"id":369897,"structure_id":52683,"section_number":"55.1-341","catch_line":"Partial satisfaction","url":"\/55.1-341\/","token":"55.1\/I\/3\/2\/55.1-341","metadata":{"court_decisions":""}},{"id":369898,"structure_id":52683,"section_number":"55.1-342","catch_line":"Permissible form for certificate of satisfaction or certificate of partial satisfaction","url":"\/55.1-342\/","token":"55.1\/I\/3\/2\/55.1-342","metadata":false},{"id":369899,"structure_id":52683,"section_number":"55.1-343","catch_line":"Where certificates of satisfaction are to be indexed","url":"\/55.1-343\/","token":"55.1\/I\/3\/2\/55.1-343","metadata":false},{"id":369900,"structure_id":52683,"section_number":"55.1-344","catch_line":"Releases made by court; costs and attorney fees","url":"\/55.1-344\/","token":"55.1\/I\/3\/2\/55.1-344","metadata":false},{"id":369901,"structure_id":52683,"section_number":"55.1-345","catch_line":"Recordation of certificate of satisfaction, etc., required when release of lien recorded","url":"\/55.1-345\/","token":"55.1\/I\/3\/2\/55.1-345","metadata":false}],"previous_section":{"id":369881,"structure_id":52683,"section_number":"55.1-325","catch_line":"Meaning of phrases that may be included in deed of trust","url":"\/55.1-325\/","token":"55.1\/I\/3\/2\/55.1-325","metadata":false},"next_section":{"id":369883,"structure_id":52683,"section_number":"55.1-327","catch_line":"Sales under deeds of trust that contain no maturity date or provision authorizing sale","url":"\/55.1-327\/","token":"55.1\/I\/3\/2\/55.1-327","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-326\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2019, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?191+ful+CHAP0712\">712<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1472109,"object_type":"law","relational_id":369882,"identifier":"55.1-326","token":"55.1\/I\/3\/2\/55.1-326","url":"\/55.1-326\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/55.1-326\/","token":"55.1\/I\/3\/2\/55.1-326","dublin_core":{"Title":"Evidences of indebtedness placed on equal footing","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-326","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>When <span class=\"dictionary\">bonds<\/span>, notes, or other <span class=\"dictionary\">evidences<\/span> of indebtedness are secured by a deed of trust, mortgage, vendor&#8217;s <span class=\"dictionary\">lien<\/span>, or other <span class=\"dictionary\">lien<\/span>, such <span class=\"dictionary\">bonds<\/span>, notes, or other <span class=\"dictionary\">evidences<\/span> of indebtedness shall, in the event the <span class=\"dictionary\">lien<\/span> is executed or foreclosed, be secured on an equal footing and shall be paid ratably out of the proceeds of any sale of property subjected to the <span class=\"dictionary\">lien<\/span> and shall have no priority, the one over the other, whether by priority of assignment or otherwise, unless the instrument creating the <span class=\"dictionary\">lien<\/span> expressly provides otherwise.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nEVIDENCES OF INDEBTEDNESS PLACED ON EQUAL FOOTING (\u00a7 55.1-326)\n\nWhen bonds, notes, or other evidences of indebtedness are secured by a deed of\ntrust, mortgage, vendor&#8217;s lien, or other lien, such bonds, notes, or other\nevidences of indebtedness shall, in the event the lien is executed or\nforeclosed, be secured on an equal footing and shall be paid ratably out of the\nproceeds of any sale of property subjected to the lien and shall have no\npriority, the one over the other, whether by priority of assignment or\notherwise, unless the instrument creating the lien expressly provides otherwise.\n\nHISTORY: 1934, p. 516; Michie Code 1942, \u00a7 6457a; Code 1950, \u00a7 55-60.1; 2019,\nc. 712.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}