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VERMONT STATUTES AND CODES
§ 204 - Duty of settlement agent that is not a lender
§ 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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