2013 Vermont Statutes
Title 09 Commerce and Trade
Chapter 4 INTEREST
§ 204 Duty of settlement agent that is not a lender
204. Duty of settlement agent that is not a lender
A settlement agent that has received the loan funds from the lender shall cause disbursement of settlement proceeds at the loan closing, or, for any other loan where a right of rescission applies, the settlement agent shall cause disbursement of the settlement proceeds on the first business day after the expiration of the rescission period. (Added 2001, No. 55, 2.)
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