                                 CODE OF VIRGINIA

DEFINITIONS (§ 55.1-347)

As used in this article, unless the context requires
otherwise:		&#8220;Day&#8221;  means calendar day.		&#8220;Document&#8221; 
means information that is:

1. Inscribed on a tangible medium or that is stored in an electronic or other
medium and is retrievable in perceivable form; and

2. Eligible to be recorded in the land records maintained by the clerk.
			&#8220;Electronic,&#8221;  as defined in the Uniform Electronic Transactions
Act (&#xA7; 59.1-479 et seq.), means relating to technology having electrical,
digital, magnetic, wireless, optical, electromagnetic, or similar
capabilities.			&#8220;Person&#8221;  means an individual, corporation, business
trust, estate, trust, partnership, limited liability company, association, joint
venture, public corporation, government, or governmental subdivision, agency, or
instrumentality or any other legal or commercial entity.			&#8220;Real
property&#8221;  means real property that is used for residential or
nonresidential purposes.			&#8220;Recording data&#8221;  means the date, and
deed book and page number or instrument number, that indicates where a document
is recorded in the land records of the clerk of the circuit court pursuant to
Chapter 6 (&#xA7; 55.1-600 et seq.).			&#8220;Secured creditor&#8221;  means a
person that holds or is the beneficiary of a security interest or that is
authorized both to receive payments on behalf of a person that holds a security
interest in real property and to record a satisfaction of the security
instrument upon receiving full performance of the secured obligation.
&#8220;Secured creditor&#8221; does not include a trustee under a security
instrument. &#8220;Secured creditor&#8221; also includes &#8220;lender&#8221; as
used in Chapter 10 (&#xA7; 55.1-1000 et seq.) and &#8220;lien creditor&#8221;
and &#8220;servicer&#8221; as defined in &#xA7; 55.1-339.			&#8220;Secured
obligation&#8221;  means an obligation the payment or performance of which is
secured by a security interest.			&#8220;Security instrument&#8221;  means an
agreement, however denominated, that creates or provides for a security
interest, whether or not it also creates or provides for a lien on personal
property.			&#8220;Security interest&#8221;  means an interest in real property
created by a security instrument, securing payment, or performance of an
obligation and includes a mortgage or deed of trust.			&#8220;Sign&#8221; 
means, with present intent to authenticate, accept, or adopt a document:

1. To execute or adopt a tangible symbol; or

2. To attach to or logically associate with the document an electronic sound,
symbol, or process.
			&#8220;State&#8221;  means a state of the United States, the District of
Columbia, Puerto Rico, the United States Virgin Islands, or any territory or
insular possession subject to the jurisdiction of the United
States.			&#8220;Submit for recording&#8221;  means to deliver, with required
fees and taxes, a document sufficient to be recorded under this article to the
office of the clerk of the circuit court pursuant to Chapter 6 (&#xA7; 55.1-600
et seq.).

HISTORY: 2006, c. 907, § 55-66.9; 2019, c. 712.