§ 2234. Assignment of wages
§ 2234. Assignment of wages The payment in money, credit, goods, or things in action, as consideration for any sale or assignment of, or order for, the payment of wages, salary, commissions, or other compensation for services, whether earned or to be earned, for the purpose of regulation under this chapter, shall be deemed a […]
§ 2222. Examinations
§ 2222. Examinations The Commissioner shall examine the affairs, business, and records of each licensee under this chapter, other than a loan solicitation company, at least once every three years. The Commissioner shall examine the affairs, business, and records of each loan solicitation company as often as the Commissioner deems necessary to carry out the […]
§ 2223. Additional records required of loan solicitation licensees
§ 2223. Additional records required of loan solicitation licensees (a) In addition to any records required by section 2119 of this title, a licensee that engages in loan solicitation activity shall maintain the following records for not less than seven years: (1) copies of all solicitation materials used in its business, regardless of medium, including […]
§ 2225. Statement of rates of charge
§ 2225. Statement of rates of charge Rates of charge shall be stated fully and clearly in such manner as necessary to prevent misunderstanding thereof by prospective borrowers. (Amended 1995, No. 162 (Adj. Sess.), § 26, eff. Jan. 1, 1997; 2009, No. 29, § 1.)
§ 2227. Conduct of unrelated business
§ 2227. Conduct of unrelated business No licensee shall conduct the business of making noncommercial loans under this chapter within any office, room, or place of business in which any other business is solicited or engaged in, or in association or conjunction therewith, except as may be authorized in writing by the Commissioner upon his […]
§ 2229. Confessions of judgment; powers of attorney; contents of notes
§ 2229. Confessions of judgment; powers of attorney; contents of notes No licensee shall take any confession of judgment. No licensee shall take any power of attorney excepting such as may be incorporated in a form of note approved by the Commissioner for use in the financing of insurance premiums. No licensee shall take any […]
§ 2230. Rate of interest
§ 2230. Rate of interest (a) Every licensee may charge, contract for, and receive thereon interest, calculated according to the actuarial method as set forth in 9 V.S.A. § 41a(d), not exceeding the rates permitted by 9 V.S.A. chapter 4, except that the rate of interest on loans secured by motor vehicles, mobile homes, travel […]
§ 2204c. Continuing education for mortgage loan originators
§ 2204c. Continuing education for mortgage loan originators (a) In order to meet the annual continuing education requirements, a licensed mortgage loan originator shall complete at least eight hours of education approved in accordance with subsection (b) of this section, which shall include at least: (1) three hours of federal law and regulations; (2) two […]
§ 2204d. Mortgage loan originator license inactive status
§ 2204d. Mortgage loan originator license inactive status The license of a mortgage loan originator that has satisfied all of the requirements of licensure, other than being employed by a licensed lender or licensed mortgage broker, may be placed in an approved inactive status. (Amended 1995, No. 162 (Adj. Sess.), § 7, eff. Jan. 1, […]
§ 2208a. Mortgage loan originator change of employer or sponsor
§ 2208a. Mortgage loan originator change of employer or sponsor (a) No mortgage loan originator may be employed, supervised, and sponsored by more than one licensed lender or licensed mortgage broker operating in this State. Alternatively, a mortgage loan originator may be an individual sole proprietor who is also licensed as a lender or mortgage […]