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2013 Vermont Statutes
Title 09 Commerce and Trade
Chapter 4 INTEREST
§ 101 Borrower's notice


9 V.S.A. § 101 What's This?

101. Borrower's notice

A demand note shall contain on its face the following notice in a size equal to at least ten 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.)

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