§ 408 - Recording subordination of liens - Vermont Statutes

§ 408. Recording subordination of liens

An agreement for the subordination of a prior lien or other encumbrance on real property shall be recorded in the land records of the town in which the property is situated, and a reference to the record of the subordination agreement shall be noted on the margin of the record of the instrument affected thereby. If not so recorded, the same shall bind only the parties thereto.