Vermont § 625 - § 9—625.

Full text of Vermont Vermont Statutes Online § 625 — § 9—625., with citation guidance and answers to common questions.

§ 625. § 9—625.

  • Remedies for secured party’s failure to comply with article (a) If it is established that a secured party is not proceeding in accordance with this
    article, a court may order or restrain collection, enforcement, or disposition of
    collateral on appropriate terms and conditions. (b) Subject to subsections (c), (d), and (f) of this section, a person is liable for damages
    in the amount of any loss caused by a failure to comply with this article. Loss caused
    by a failure to comply may include loss resulting from the debtor’s inability to obtain,
    or increased costs of, alternative financing. (c) Except as otherwise provided in section 9—628 of this title: (1) a person that, at the time of the failure, was a debtor, was an obligor, or held a
    security interest in or other lien on the collateral may recover damages under subsection
    (b) of this section for its loss; and (2) if the collateral is consumer goods, a person that was a debtor or a secondary obligor
    at the time a secured party failed to comply with this part may recover for that failure
    in any event an amount not less than the credit service charge plus 10 percent of
    the principal amount of the obligation or the time-price differential plus 10 percent
    of the cash price. (d) A debtor whose deficiency is eliminated under section 9—626 of this title may recover damages for the loss of any surplus. However, a debtor or secondary obligor
    whose deficiency is eliminated or reduced under section 9—626 of this title may not otherwise recover under subsection (b) of this section for noncompliance
    with the provisions of this part relating to collection, enforcement, disposition,
    or acceptance. (e) In addition to any damages recoverable under subsection (b) of this section, the debtor,
    consumer obligor, or person named as a debtor in a filed record, as applicable, may
    recover $500.00 in each case from: (1) a secured party that fails to comply with section 9—208 of this title; (2) a secured party that fails to comply with section 9—209 of this title; (3) a person that files a record that the person is not entitled to file under subsection 9—509(a) of this title; (4) a secured party that fails to cause the secured party of record to file or send a
    termination statement as required by subsection 9—513(a) or (c) of this title; (5) a secured party that fails to comply with subdivision 9—616(b)(1) of this title and whose failure is part of a pattern, or consistent with a practice, of noncompliance;
    or (6) a secured party that fails to comply with subdivision 9—616(b)(2) of this title. (f) A debtor or consumer obligor may recover damages under subsection (b) and, in addition,
    $500.00 in each case from a person that, without reasonable cause, fails to comply
    with a request under section 9—210 of this title. A recipient of a request under section 9—210 of this title which never claimed an interest in the collateral or obligations that are the subject
    of a request under that section has a reasonable excuse for failure to comply with
    the request within the meaning of this subsection. (g) If a secured party fails to comply with a request regarding a list of collateral or
    a statement of account under section 9—210 of this title, the secured party may claim a security interest only as shown in the list or statement
    included in the request as against a person that is reasonably misled by the failure. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001; amended 2001, No. 46, § 10.)

Frequently Asked Questions About Vermont § 625

What does Vermont Statutes Online § 625 cover?

Section 625 ("§ 9—625.") 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 § 625?

A common citation format is "Vermont Statutes Online § 625" (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 § 625 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.