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Vermont · Through 2025 session

8 V.S.A. § 10506: Unsolicited distribution of cash advance contracts and notes

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Where this section sits in the code
  1. Title 8: Banking and Insurance
  2. Chapter 200: Consumer Protection
  3. Subchapter 005: BANK PRODUCTS; PROHIBITIONS

No person shall distribute by mail, or in any other manner, to a Vermont resident an unsolicited cash advance contract or note in furtherance of that contract. A person who violates this section shall also be subject to the provisions of chapter 201, subchapter 6 of this title. This section does not apply to:

(1) any communication by a lender with a borrower pursuant to a preexisting credit relationship, including the furnishing on an unsolicited basis of any check, card, plate, or other means of accessing a preexisting loan or line of credit; or

(2) any unsolicited firm offer of credit made in compliance with the rules of the Federal Trade Commission relating to prescreening, as in effect from time to time.

Collected 2026-09-05T14:03:21Z. Source file · JSON

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