The Vermont Statutes Online

Title 9: Commerce and Trade

Chapter 4: INTEREST

Sub-Chapter 3: Funded Settlements

9 V.S.A. § 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.)