Vermont Statutes Title 9 Sec. 272
Terms Used In Vermont Statutes Title 9 Sec. 272
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Pleadings: Written statements of the parties in a civil case of their positions. In the federal courts, the principal pleadings are the complaint and the answer.
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
- Statute: A law passed by a legislature.
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
§ 272. Scope
(a) Except as otherwise provided in subsections (b) and (c) of this section, this chapter applies to electronic records and electronic signatures relating to a transaction.
(b) This chapter does not apply to:
(1) a transaction to the extent it is governed by a law governing the creation and execution of wills, codicils, or testamentary trusts;
(2) a transaction to the extent it is governed by a state statute, regulation, or other rule of law governing adoption, divorce, or other matters of family law;
(3) a transaction to the extent it is governed by the Uniform Commercial Code, other than 9A V.S.A. §§ 1-107 and 1-206, Article 2, and Article 2A;
(4) court orders or notices, or official court documents, including briefs, pleadings, and other writings, required to be executed in connection with court proceedings; or
(5) any notice of:
(A) the cancellation or termination of utility services (including water, heat, and power);
(B) default, acceleration, repossession, foreclosure, or eviction, or the right to cure, under a credit agreement secured by, or a rental agreement for, a primary residence of an individual;
(C) the cancellation or termination of health insurance or benefits or life insurance benefits (excluding annuities);
(D) recall of a product, or material failure of a product, that risks endangering health or safety; or
(E) a right to cancel a home solicitation sale required pursuant to section 2454 of this title;
(6) any document required to accompany any transportation or handling of hazardous materials, pesticides, or other toxic or dangerous materials.
(c) This chapter applies to an electronic record or electronic signature otherwise excluded from the application of this chapter under subsection (b) of this section to the extent that it is governed by a law other than those specified in subsection (b).
(d) A transaction subject to this chapter is also subject to other applicable substantive law. (Added 2003, No. 44, § 1, eff. Jan. 1, 2004; amended 2019, No. 131 (Adj. Sess.), § 9.)