Vermont § 1762 - Secured lenders and fiduciaries; liability
Full text of Vermont Vermont Statutes Online § 1762 — Secured lenders and fiduciaries; liability, with citation guidance and answers to common questions.
§ 1762. Secured lenders and fiduciaries; liability
- (a) A person who holds indicia of ownership in rental target housing or a child care facility
furnished by the owner or person in lawful possession, for the primary purpose of
assuring repayment of a financial obligation, and who takes full legal title through
foreclosure or deed in lieu of foreclosure or otherwise shall not be liable as an
owner of the property for injury or loss claimed to be caused by exposure to lead
of a child on the premises, provided that, on or before the 120th day after the date
of possession, the person: (1) performs RRPM activities as required by section 1759 of this chapter; and (2) fully discloses to all potential purchasers, operators, or tenants of the property
any information in the possession of such person or the person’s agents, regarding
the presence of lead hazards or a lead-poisoned child on the property and, upon request,
provides copies of all written reports on lead hazards to potential purchasers, operators,
or tenants. (b) The immunity provided in subsection (a) of this section shall expire 365 days after
the secured lender or fiduciary takes full legal title. (c) A person who holds legal title to rental target housing or a child care facility as
an executor, administrator, trustee, or the guardian of the estate of the owner and
demonstrates that in that fiduciary capacity the person does not have either the legal
authority or the financial resources to fund capital or major property rehabilitation
necessary to conduct RRPM activities shall not be personally liable as an owner for
injury or loss caused by exposure of a child on the premises to lead. However, nothing
in this section shall limit the liability of the trust estate for such claims and
those claims may be asserted against the trustee as a fiduciary of the trust estate. (Added 1995, No. 165 (Adj. Sess.), § 9; amended 2017, No. 149 (Adj. Sess.), § 2, eff. October 21, 2022.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1762
What does Vermont Statutes Online § 1762 cover?
Section 1762 ("Secured lenders and fiduciaries; liability") 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 § 1762?
A common citation format is "Vermont Statutes Online § 1762" (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 § 1762 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.