The Vermont Statutes Online
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
NOTE: The online version of the Vermont Statutes does NOT yet include the actions of the 2023 legislative session. The 2023 updates should be available by the end of October.
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.)
