The Vermont Statutes Online
The Statutes below include the actions of the 2025 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.
Subchapter
009
:
TIMELY TRANSMISSION, REFUNDS, AND DISCLOSURES BY MONEY TRANSMITTERS
(Cite as: 8 V.S.A. § 2560)
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§ 2560. Timely transmission
(a) Every licensee shall forward all money received for transmission in accordance with
the terms of the agreement between the licensee and the sender unless the licensee
has a reasonable belief or a reasonable basis to believe that the sender may be a
victim of fraud or that a crime or violation of law, rule, or regulation has occurred,
is occurring, or may occur.
(b) If a licensee fails to forward money received for transmission in accordance with
this section, the licensee must respond promptly to inquiries by the sender with the
reason for the failure unless providing a response would violate a state or federal
law, rule, or regulation. (Added 2023, No. 110 (Adj. Sess.), § 47, eff. July 1, 2024.)