8 V.S.A. § 10506: Unsolicited distribution of cash advance contracts and notes
Where this section sits in the code
- Title 8: Banking and Insurance
- Chapter 200: Consumer Protection
- 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