Vermont Title Standards
2003 Release
Editor’s Preface
The first version of Title Standards for the State of Vermont was adopted by the Vermont Bar Association at its Board of Managers on March 18, 1999.
Since that date, the Title Standards Committee (TSC), a subcommittee of the VBA’s Real Property committee, has continued working on and revising the standards. On April 4, 2003 , the TSC submitted, and the Board of Managers unanimously approved, a revised version of the standards. This version both amends existing standards and introduces some new standards. Examples of newly created standards include Standard 14.1 (Conveyances to Two or More Persons), Standard 20.1 (Presumptions Applicable to Corporate Conveyances) and Standards 28.1 through 28.5 (generally dealing with Failed Financial Institutions).
In addition to the foregoing additions, please note that some of the existing standards were amended. For each amended standard, the committee added a “History” section so that users of the standards could track changes from earlier versions. The date used in the “History” section reflects the date that the TSC internally approved the amendment. This date should not be used as, or confused with, the dates that the VBA Board of Managers issued its formal approvals, to wit: March 18, 1999 and April 4, 2003 .
NB: The TSC also adopted, but did not submit for approval on April 4, 2003 , standards addressing tax liens. Drafts of Standard 23.1 (Federal General Tax Lien), Standard 24.1 (Federal Special Estate Tax Lien), Standard 25.1 Federal Special Gift Tax Lien) and Standard 27.1 ( Vermont Estate Tax Lien) are under further consideration by the TSC. While they do not carry the force of adopted title standards at this time, the TSC believes that they reflect the state of the law.
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