§1602. Consumer protection; enforcement

Link to law: http://legislature.vermont.gov/statutes/section/11/014/01602
Published: 2015

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Title

11

:
Corporations, Partnerships and Associations






Chapter

014

:
COOPERATIVE HOUSING OWNERSHIP ACT











 

§

1602. Consumer protection; enforcement

(a) For purposes

of this section, "consumer" means an actual or prospective

subscriber, purchaser, member, assignee, or transferee of a cooperative

interest with respect to a residential unit. A "consumer" includes a

co-obligor or surety for a consumer.

(b) To the

extent that a violation of a provision of this chapter affects a consumer, that

violation is deemed to be a violation of 9 V.S.A. § 2453 and is subject to all

rights, obligations, and penalties provided under 9 V.S.A. chapter 63.

(c) Failure or

neglect to provide to subscribers or purchasers the documents and disclosures

required by section 1601 of this title is deemed to be a violation of this

section. (Added 1987, No. 254 (Adj. Sess.), § 1, eff. June 16, 1988.)
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