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Searching 2019-2020 Session

The Vermont Statutes Online

 

Title 9 : Commerce and Trade

Chapter 004 : INTEREST

Subchapter 002 : DISCLOSURE

(Cite as: 9 V.S.A. § 101)
  • § 101. Borrower's notice

    A demand note shall contain on its face the following notice in a size equal to at least 10-point bold type:

    NOTICE TO BORROWER: THIS IS A DEMAND NOTE AND SO MAY BE COLLECTED BY THE LENDER AT ANY TIME. A NEW NOTE MUTUALLY AGREED UPON AND SUBSEQUENTLY ISSUED MAY CARRY A HIGHER OR LOWER RATE OF INTEREST. (Added 1975, No. 106, § 3.)