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.
(Cite as: 9A V.S.A. § 9-619)
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§ 9—619. Transfer of record or legal title
(a) In this section, “transfer statement” means a record signed by a secured party stating:
(1) that the debtor has defaulted in connection with an obligation secured by specified
collateral;
(2) that the secured party has exercised its post-default remedies with respect to the
collateral;
(3) that, by reason of the exercise, a transferee has acquired the rights of the debtor
in the collateral; and
(4) the name and mailing address of the secured party, debtor, and transferee.
(b) A transfer statement entitles the transferee to the transfer of record of all rights
of the debtor in the collateral specified in the statement in any official filing,
recording, registration, or certificate-of-title system covering the collateral. If
a transfer statement is presented with the applicable fee and request form to the
official or office responsible for maintaining the system, the official or office
shall:
(1) accept the transfer statement;
(2) promptly amend its records to reflect the transfer; and
(3) if applicable, issue a new appropriate certificate of title in the name of the transferee.
(c) A transfer of the record or legal title to collateral to a secured party under subsection
(b) of this section or otherwise is not of itself a disposition of collateral under
this article and does not of itself relieve the secured party of its duties under
this article. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001; amended 2025, No. 17, § 9, eff. July 1, 2025.)