The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 8 V.S.A. § 2252)
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§ 2252. Registration; financial stability
(a) A company shall not engage in the business of consumer litigation funding without
first filing a registration with the Commissioner on a form prescribed by the Commissioner
and submitting a registration fee and proof of financial stability.
(b) A company shall file with the Commissioner evidence of its financial stability, which
shall include proof of a surety bond or irrevocable letter of credit issued and confirmed
by a financial institution authorized by law to transact business in Vermont that
is equal to double the amount of the company’s largest funded amount in Vermont in
the prior three calendar years or $50,000.00, whichever is greater. (Added 2015, No. 128 (Adj. Sess.), § A.1; amended 2017, No. 22, § 1, eff. May 4, 2017; 2019, No. 20, § 34.)