Print
The Vermont Statutes Online
Title
09
:
Commerce and Trade
Chapter
004
:
INTEREST
Subchapter
003
:
FUNDED SETTLEMENTS
§
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.)