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 004 : AUTHORIZED DELEGATES OF MONEY TRANSMITTERS
(Cite as: 8 V.S.A. § 2526)-
§ 2526. Unauthorized activities
A person shall not engage in the business of money transmission on behalf of a person not licensed under subchapter 2 of this chapter or not exempt pursuant to subchapter 1 of this chapter. A person that engages in such activity provides money transmission to the same extent as if the person were a licensee and shall be jointly and severally liable with the unlicensed or nonexempt person. (Added 2023, No. 110 (Adj. Sess.), § 42, eff. July 1, 2024.)
