§ 14301. Loan authority (a) General loan authority. Unless otherwise prohibited by State law, a Vermont financial institution may make, sell, purchase, arrange, participate in, invest in, or otherwise deal in loans, derivative transactions, or extensions of credit for any lawful purpose. (b) Written loan policy. (1) A financial institution’s governing body shall establish a […]
§ 14302. Real estate loans (a) Clear title. All loans secured by mortgages on real estate shall be supported by written evidence satisfactory to the financial institution that title to the security is marketable and the lien is valid and enforceable. A mortgage on lands subject to lease under which rents are reserved to the […]
§ 14303. Bank credit cards (a) General authority. Any financial institution which is authorized to do a lending business in this State may issue bank credit cards. (b) No discrimination. No financial institution shall discriminate against any applicant for a bank credit card on the bases set forth in section 10403 of this title. Nothing […]
§ 14304. Card holder represented by legal counsel (a) A credit card company or its creditor or collection agency shall not contact a card holder regarding a debt, late fee, or other charge once informed that the card holder is disputing the debt, late fee, or other charge; is represented by legal counsel in the […]
