{"data":{"id":"us-vt/8-v.s.a.-10801","jurisdiction":"us-vt","citation":"8 V.S.A. § 10801","heading":"Findings and intent","body":"(a) The General Assembly finds that:\n(1) A covered entity has a duty imposed by law and contract to conduct customer-directed transactions in a timely manner and in accordance with a customer’s instructions.\n(2) Customers are increasingly being induced to authorize transactions that are not in their best interests.\n(b) It is the intent of the General Assembly to:\n(1) ensure customers have ready access to their funds; and\n(2) provide a covered entity with the tools and protections to intervene in a customer-directed transaction when the covered entity reasonably believes the transaction presents potential significant risk of harm to the customer.\n(c) It is not the intent of the General Assembly to impose a duty on a covered entity to contravene the valid instructions of a customer, and nothing in this chapter creates such a duty.","path":["Title 8: Banking and Insurance","Chapter 200: Consumer Protection","Subchapter 008: Protection from Financial Exploitation"],"source_url":"https://legislature.vermont.gov/statutes/section/08/200/10801","current_through":"2026 session","vintage":"","retrieved_at":"2026-10-25T05:25:26Z","sha256":"976fb7d42024a252713a99baf39d1f5ea859163dc14d5920ed8e7914b2a8d953","source_id":"us-vt","stale":false,"prev":"us-vt/8-v.s.a.-10704","next":"us-vt/8-v.s.a.-10802"},"notice":"GroundRules: Original legal text. Not legal advice."}