The Vermont Statutes Online
The Statutes below include the actions of the 2024 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.
Title 8 : Banking and Insurance
Chapter 079 : Money Services
Subchapter 001 : GENERAL PROVISIONS
(Cite as: 8 V.S.A. § 2500)-
§ 2500. Purpose
It is the intent of the General Assembly that the provisions of this chapter accomplish the following:
(1) ensure the State can coordinate with other states in all areas of regulation, licensing, and supervision to eliminate unnecessary regulatory burden and more effectively use regulator resources;
(2) protect the public from financial crime;
(3) standardize the types of activities that are subject to licensing or otherwise exempt from licensing; and
(4) modernize safety and soundness requirements to ensure customer funds are protected in an environment that supports innovative and competitive business practices. (Added 2023, No. 110 (Adj. Sess.), § 39, eff. July 1, 2024.)
