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
002
:
EXECUTION AND ACKNOWLEDGMENT
(Cite as: 27 V.S.A. § 380)
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§ 380. Disclosure of information; conveyance of real estate
(a) Prior to or as part of a contract for the conveyance of real property, the seller
shall provide the buyer with the following information:
(1) [Repealed.]
(2) [Repealed.]
(3) a physical or electronic copy or a digital link of the official flood insurance rate
map, as published by the Federal Emergency Management Agency, or notice that a flood
insurance rate map is unavailable effective for the community in which the real property
is located;
(4) whether the real property was subject to flooding or flood damage while the seller
possessed the property, including flood damage from inundation or from flood-related
erosion or landslide damage; and
(5) whether the seller maintains or is required by federal or State law to maintain flood
insurance on the real property.
(b) The failure of the seller to provide the buyer with the information required under
subsection (a) of this section is grounds for the buyer to terminate the contract
prior to transfer of title or occupancy, whichever occurs earlier.
(c) If a seller of real estate fails to provide the information required to be disclosed
by a seller under subsection (a) of this section, a buyer may bring an action to recover
from the seller the amount of the buyer’s damages and reasonable attorney’s fees.
The buyer may also seek punitive damages when the seller knowingly failed to provide
the required information.
(d) A seller shall not be liable for damages under this section for any error, inaccuracy,
or omission of any information required to be disclosed to the buyer under subsection
(a) of this section when the error, inaccuracy, or omission was based on information
provided by a public body or by another person with a professional license or special
knowledge who provided a written report that the seller reasonably believed to be
correct and that was provided by the seller to the buyer.
(e) Noncompliance with the requirements of this section shall not affect the marketability
of title of a real property. (Added 2023, No. 181 (Adj. Sess.), § 102, eff. June 17, 2024; amended 2025, No. 52, § 2, eff. September 1, 2025.)