Vermont Statutes Title 12 Sec. 3353
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Vermont Statutes Title 12 Sec. 3353
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
§ 3353. Payment of debt if due
When such debt is due at the time of rendering the account, the creditor so attaching or causing such property to be taken on execution may pay or tender, within 10 days after such account is rendered, the amount so rendered to the mortgagee, pledgee, or holder of such lien, and retain and sell such property free and clear of such mortgage, pledge, or lien.