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
001
:
INTEREST GENERALLY
(Cite as: 9 V.S.A. § 44)
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§ 44. Certain charges not usurious
Agreements to maintain with the lender non-interest bearing reserves or deposits with
which to pay when due taxes and insurance premiums, or agreements clearly set forth
in the loan contract for the payment of reasonable delinquency or deferral charges,
shall not be construed to be interest or a prohibited charge within the meaning of
this chapter. (Added 1967, No. 377 (Adj. Sess.), eff. March 26, 1968.)