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: 23 V.S.A. § 3824)
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§ 3824. Duties on creation of security interest
If an owner creates a security interest in a vessel, snowmobile, or all-terrain vehicle:
(1) The owner shall immediately execute the application, in the space provided on the
certificate of title or on a separate form the Commissioner prescribes, to name the
lienholder on the certificate, showing the name and address of the lienholder and
the date of his or her security agreement, and cause the certificate, the application,
and the required fee to be delivered to the lienholder.
(2) The lienholder shall immediately cause the certificate, the application, and the required
fee to be mailed or delivered to the Commissioner.
(3) Upon request of the owner or subordinate lienholder, a lienholder in possession of
the certificate of title shall either mail or deliver the certificate to the subordinate
lienholder for delivery to the Commissioner or, upon receipt from the subordinate
lienholder of the owner’s application and the required fee, mail or deliver them to
the Commissioner with the certificate. The delivery of the certificate does not affect
the rights of the first lienholder under his or her security agreement.
(4) Upon receipt of the certificate of title, the application, and the required fee, the
Commissioner shall either endorse the certificate or issue a new certificate containing
the name and address of the new lienholder, and mail the certificate to the first
lienholder named in it. (Added 1987, No. 152 (Adj. Sess.), § 1; amended 2001, No. 107 (Adj. Sess.), § 20.)