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 003 : CHECK CASHING AND CURRENCY EXCHANGE LICENSES
(Cite as: 8 V.S.A. § 2515)-
§ 2515. Check cashing and currency exchange license required
(a) A person shall not engage in check cashing and currency exchange, or hold itself out as providing these money services, unless the person is licensed under this chapter.
(b) Subsection (a) of this section shall not apply to:
(1) a person licensed under subchapter 2 of this chapter;
(2) an authorized delegate of a person licensed under subchapter 2 of this chapter if such money services are within the scope of authority conferred by a written contract between the authorized delegate and the licensee; or
(3) a person that is exempt pursuant to section 2504 of this chapter and that does not engage in money services outside the scope of such exemption. (Added 2001, No. 55, § 1, eff. Jan. 1, 2002; amended 2023, No. 110 (Adj. Sess.), § 41, eff. July 1, 2024.)
