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Vermont Statutes · § 101 — Borrower’s notice

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.

Source notes
History and annotations

(Added 1975, No. 106, § 3.)

Official source for this version

Source captured 2026-09-25. Open the official source.

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