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Vermont Statutes Title 9. Commerce and Trade, § 102. Co-signer's notice

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

If a lender requires the signature of an obligor jointly and severally the instrument evidencing the obligation shall contain on its face the following notice, conspicuously placed, in a size equal to at least 10-point bold type:

NOTICE TO CO-SIGNER: YOUR SIGNATURE ON THIS NOTE MEANS THAT YOU ARE EQUALLY LIABLE FOR REPAYMENT OF THIS LOAN. IF THE BORROWER DOES NOT PAY, THE LENDER HAS A LEGAL RIGHT TO COLLECT FROM YOU.

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Cite this article: FindLaw.com - Vermont Statutes Title 9. Commerce and Trade, § 102. Co-signer's notice - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-9-commerce-and-trade/vt-st-tit-9-sect-102/

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