The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
002
:
DEPOSITS IN GENERAL
(Cite as: 8 V.S.A. § 14210)
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§ 14210. Real estate trust and escrow
(a) In accordance with its schedule for similar remittances, any financial institution
in which a pooled real estate trust or escrow account has been established under 26 V.S.A. § 2214(c) shall remit the interest accumulated on the account to the Vermont Housing Finance
Agency established under 10 V.S.A. chapter 25 to be used in the Agency’s single family
home mortgage programs.
(b) A financial institution may deduct a reasonable remittance fee for transferring funds
to the Housing Finance Agency under this section. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)