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2016 Vermont Statutes
Title 9 - Commerce and Trade
Chapter 4 - Interest
Subchapter 2: DISCLOSURE
§ 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 10-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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