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Searching 2017-2018 Session

The Vermont Statutes Online

Title 24 : Municipal and County Government

Chapter 120 : SPECIAL ENVIRONMENTAL REVOLVING FUND

Subchapter 002 : Municipal Loans

(Cite as: 24 V.S.A. § 4762)
  • § 4762. Delinquent loan payments

    Delinquent loan payments due the bank under section 4755 of this title may, with an interest rate of ten percent per annum greater than the interest rate of the loan, be recovered by action in a court of competent jurisdiction against the political subdivision liable therefore or may be deducted, with interest, by, or at the request of, the bank from any other moneys payable to such subdivision by any department or agency of the state. (Added 1987, No. 75, § 1.)