Vermont § 411 - § 3—411.

§ 411. § 3—411.

• Refusal to pay cashier’s checks, teller’s checks, and certified checks (a) In this section, “obligated bank” means the acceptor of a certified check or the issuer
  of a cashier’s check or teller’s check bought from the issuer. (b) If the obligated bank wrongfully (i) refuses to pay a cashier’s check or certified
  check, (ii) stops payment of a teller’s check, or (iii) refuses to pay a dishonored
  teller’s check, the person asserting the right to enforce the check is entitled to
  compensation for expenses and loss of interest resulting from the nonpayment and may
  recover consequential damages if the obligated bank refuses to pay after receiving
  notice of particular circumstances giving rise to the damages. (c) Expenses or consequential damages under subsection (b) of this section are not recoverable
  if the refusal of the obligated bank to pay occurs because (i) the bank suspends payments,
  (ii) the obligated bank asserts a claim or defense of the bank that it has reasonable
  grounds to believe is available against the person entitled to enforce the instrument,
  (iii) the obligated bank has a reasonable doubt whether the person demanding payment
  is the person entitled to enforce the instrument, or (iv) payment is prohibited by
  law. (Added 1993, No. 158 (Adj. Sess.), § 12, eff. Jan. 1, 1995.)