Vermont Attorneys Title Corporation

Vermont Title Standards

• Vermont Title Standards Index ›

  • 1.1 The Role of the Examining Attorney
  • 1.2 The Examining Attorney's Attitude
  • 1.3 Definition of Marketable Title
  • 1.4 Reference to Title Standards in Real Estate Sales Contract
  • 2.1 Period of Search
  • 2.2 The Concept of the Chain of Title and its Relationship of the Rule of Record Notice and the Scope of the Title Searcher's Obligation
  • 2.3 Effect of Recording Instruments Claiming an Interest in Real Estate
  • 2.4 Wild Instruments: Instruments by Strangers to the Record Chain of Title
  • 2.4A After Acquired Property
  • 2.5 Priority of Conveyances
  • 2.6 Time When a Conveyance is Considered as Properly "Recorded"
  • 2.7 Record of Expired Leases or Expired Interests
  • 4.1 Limitation on the Use by Grantor of Corrective Deeds
  • 6.1 Grantors
  • 6.2 Majority
  • 6.3 Mental Capacity
  • 6.4 Marital Interests
  • 6.5 Powers of Attorney
  • 7.1 Grantees
  • 8.1 Name Variances
  • 9.1 Execution, Witnessing and Acknowledgement
  • 11.1 Delivery
  • 13.1 Conveyance by Heirs' Deed
  • 13.2 Conveyance by Devisees in Lieu of Probate Administration
  • 13.3 Omitted Real Estate or Faulty Description of Closed Estate
  • 13.4 Conveyance by Trustee of a Non-Probate Trust
  • 14.1 Conveyance to Two or More Persons
  • 18.1 Federal Special Gift Tax Lien
  • 18.2 Irregularities and Discrepancies in Discharges of Mortgage and other Documents
  • 18.3 Discharges of Corrected, Re-Recorded, or Modified Mortgages
  • 18.4 Effect of Failure to Discharge Assignments of Leases and/or Rent, Riders or Financing Statements
  • 18.5 Discharges Involving Mortgage Electronic Registration System (MERS)
  • 20.1 Presumptions Applicable to Corporate Conveyances
  • 22.1 Limited Liability Companies
  • 23.1 Federal General Tax Lien
  • 24.1 Federal Special Estate Tax Lien
  • 25.1 Federal Gift Tax Lien
  • 27.1 Vermont Estate Tax Lien
  • 28.1 Establishing Marketable Title To Interests In Real Property Owned By Failed Financial Institutions
  • 28.2 Title of the Receiver of a Failed Financial Institution to the Assets of That Institution
  • 28.3 Title of the Immediate Transferee of the Receiver of a Failed Financial Institution
  • 28.4 Marketability of Title In a Real Estate Interest of a Failed Financial Institution for Which No Conveyance, Transfer or Assignment Appears of Record Prior to the Dissolution of the Bridge Institution Which Had Continued The Business of the Failed Institution
  • 28.5 Discharges, Partial Releases, Assignments and Foreclosure of Mortgages of a Failed Institution By a Transferee of the Receiver For Such Failed Institution

2008 Release

Editor’s Preface

The first version of Vermont’s Standards of Title was adopted by the Vermont Bar Association Board of Bar 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.

2003 Changes:

On April 4, 2003, the VBA Board of Managers approved a revised version of the standards. The 2003 version amended existing standards and introduced some new standards. Newly created standards included: Standard 14.1; Standard 20.1; Standards 28.1 through 28.5.

Note: For the 2003 changes, 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 reflected 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.

2008 Changes:

On September 25, 2008 (effective date of September 26, 2008), the VBA Board  of Managers approved a revised version of the standards. The 2008 version amended some existing standards, to wit: Standard 6.5; Standard 7.1; Standard 9.1 and Standard 13.4.  Some new standards were adopted included Standard 18.1 through Standards 18.5.   Finally, some Standards that had previously been in draft form, were added, to wit: Standard 23.1; Standard 24.1, Standard 25.1, Standard 27.1.

Note: For the 2008 changes, the committee added to, or amended, the “History” sections so that users of the standards could track changes from earlier versions. In the 2008 changes, however, the date used in the “History” section is the effective date the changes as adopted by the Board, (e.g. September 26, 2008), NOT the date that the TSC internally approved the amendment as was the case in 2003.

Editor: Andy Mikell

(To print a copy of the Title Standards, click here)
 

©2008 Vermont Attorneys Title Corporation. All rights reserved.