The Vermont Statutes Online
The Statutes below include the actions of the 2024 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.
Title 27 : Property
Chapter 007 : Property Held for Religious, Fraternal, or Charitable Purposes
Subchapter 002 : INSURANCE ON BUILDINGS MORTGAGED TO CHARITABLE INSTITUTIONS
(Cite as: 27 V.S.A. § 742)-
§ 742. Payment of insurance expenses
The necessary expenses of such procurement or renewal shall be paid by the mortgagor to such charitable or eleemosynary institution, and shall be a lien upon the property so mortgaged, recoverable with interest annually at the same rate as the debt secured by the mortgage from the time of payment, as part of the moneys secured by such mortgage.
