The Vermont Statutes Online

Title 9: Commerce and Trade

Chapter 4: INTEREST

Sub-Chapter 1: Interest Generally

9 V.S.A. § 44 Certain charges not usurious



 

§ 44. Certain charges not usurious

Agreements to maintain with the lender non-interest bearing reserves or deposits with which to pay when due taxes and insurance premiums, or agreements clearly set forth in the loan contract for the payment of reasonable delinquency or deferral charges, shall not be construed to be interest or a prohibited charge within the meaning of this chapter. (Added 1967, No. 377 (Adj. Sess.), eff. March 26, 1968.)