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 005 : REPORTING AND RECORDS FOR MONEY TRANSMITTERS
(Cite as: 8 V.S.A. § 2530)-
§ 2530. Report of condition
(a) Each licensee shall submit a report of condition within 45 days of the end of the calendar quarter, or within any extended time as the Commissioner may prescribe.
(b) The report of condition shall include:
(1) Financial information at the licensee level.
(2) Nationwide and state-specific money transmission transaction information in every jurisdiction in the United States where the licensee is licensed to engage in money transmission.
(3) A permissible investments report.
(4) Transaction destination country reporting for money received for transmission, if applicable.
(5) Any other information the Commissioner reasonably requires with respect to the licensee. The Commissioner is authorized and encouraged to use NMLS for the submission of the report required by this section.
(c) The information required by subdivision (b)(4) of this section shall only be included in a report of condition submitted within 45 days after the end of the fourth calendar quarter. (Added 2023, No. 110 (Adj. Sess.), § 44, eff. July 1, 2024.)
