Vt. Admin. Code 4-2-6 requires that a high rate/high point notice shall be “printed on a single sheet of colored paper that is easily distinguished from all other disclosures, applications or other loan documents presented to the borrower. Except as otherwise required herein, the print shall be in a size equal to at least 12 point type.” Our VT High Rate/High Point Notices (Cx3708) was created to comply with this statute.
Since the ability to provide disclosures on colored paper is not supported, we will only provide Cx3708 as a sample disclosure, with a coversheet containing instructions for the lender to make the disclosure on colored paper. Our VT High Rate/High Point Notices disclosure will be provided for informational purposes only. Font sizes in the document have also been reviewed and modified as necessary.
This change will be in effect on July 23, 2019. If you have any questions or concerns about this change, please contact Client Support at 1.800.467.3584.