Vermont § 10703 - Annuities A financial institution shall not require an applicant for a reverse mortgage to purchase an annuity as a condition of obtaining a reverse mortgage loan

Full text of Vermont Vermont Statutes Online § 10703 — Annuities A financial institution shall not require an applicant for a reverse mortgage to purchase an annuity as a condition of obtaining a reverse mortgage loan, with citation guidance and answers to common questions.

§ 10703. Annuities A financial institution shall not require an applicant for a reverse mortgage to purchase an annuity as a condition of obtaining a reverse mortgage loan

  • . A financial institution
    or a broker arranging a reverse mortgage loan shall not: (1) offer an annuity to the borrower prior to the closing of the reverse mortgage or before
    the expiration of the right of the borrower to rescind the reverse mortgage agreement; (2) refer the borrower to anyone for the purchase of an annuity prior to the closing of
    the reverse mortgage or before the expiration of the right of the borrower to rescind
    the reverse mortgage agreement. (Added 2009, No. 53, § 4.)

Source: official Vermont text · Last verified 2026-08-27

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Frequently Asked Questions About Vermont § 10703

What does Vermont Statutes Online § 10703 cover?

Section 10703 ("Annuities A financial institution shall not require an applicant for a reverse mortgage to purchase an annuity as a condition of obtaining a reverse mortgage loan") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Vermont § 10703?

A common citation format is "Vermont Statutes Online § 10703" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Vermont law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.

How does Vermont § 10703 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.