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. § 2527)-
§ 2527. Termination or suspension of authorized delegate activity
(a) The authority granted to the Commissioner over licensees in section 2110 of this title applies equally to authorized delegates.
(b) The Commissioner may issue an order suspending or barring any authorized delegate or any key individual or person in control of such authorized delegate from continuing to be or becoming an authorized delegate of any licensee during the period for which such orders are in effect or may order that an authorized delegate cease and desist in any specified conduct.
(c) Upon issuance of a suspension or bar order, the licensee shall terminate its relationship with such authorized delegate according to the terms of the order. (Added 2023, No. 110 (Adj. Sess.), § 42, eff. July 1, 2024.)
