Vt. Stat. tit. 9 § 101

Current through L. 2024, c. 102.
Section 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.

9 V.S.A. § 101

Added 1975, No. 106, § 3.