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Code · Vermont · Title 9 — Commerce and Trade · Chapter 4

§ 204.

72 words·~1 min read·/vt/title-9/chapter-4/204

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§ 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.)
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