Vermont Statutes Title 12 Sec. 3146
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Terms Used In Vermont Statutes Title 12 Sec. 3146
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- Person: shall include any natural person, corporation, municipality, the State of Vermont or any department, agency, or subdivision of the State, and any partnership, unincorporated association, or other legal entity. See
- Personal property: All property that is not real property.
- Trustee: A person or institution holding and administering property in trust.
§ 3146. Mortgagor of personal property summoned as trustee of mortgagee—Mortgagee defined
The word “mortgagee” as used in sections 3147-3152 of this title shall be construed to mean the mortgagee, assignee of the mortgagee, or other person holding his or her interest.