Vermont Statutes Title 12 Sec. 4937
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Terms Used In Vermont Statutes Title 12 Sec. 4937
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Fees: shall mean earnings due for official services, aside from salaries or per diem compensation. See
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- 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.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
§ 4937. Attorney’s fees
When a mortgage contains an agreement on the part of the mortgagor to pay the mortgagee, in the event of foreclosure, the attorney’s fees incident thereto, and claim is made therefor in the complaint, upon hearing, the court in which the complaint is brought shall allow such fee as in its judgment is just. (Added 2011, No. 102 (Adj. Sess.), § 1.)