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Vermont Statutes Title 9. Commerce and Trade, § 101. Borrower's notice

Current as of January 01, 2024 | Updated by FindLaw Staff

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.

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Cite this article: FindLaw.com - Vermont Statutes Title 9. Commerce and Trade, § 101. Borrower's notice - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-9-commerce-and-trade/vt-st-tit-9-sect-101/

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