The Vermont Statutes Online
The Vermont Statutes Online does not include the actions of the 2024 session of the General Assembly. We expect them to be updated by November 1st.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 9 : Commerce and Trade
Chapter 067 : Pay-per-Call Services
(Cite as: 9 V.S.A. § 2505)-
§ 2505. Loan and credit card services
It shall be an unlawful practice for a sponsor to sell or offer for sale pay-per-call services directly or indirectly purporting to extend callers any form of credit, loan, or charge card unless:
(1) all advertisements and promotions for the service include a complete and accurate description of all terms, including fees, required purchases, interest rates, minimum account balances or deposits, limitations on usage, and other conditions, limitations, or charges associated therewith;
(2) the sponsor is authorized to act as an agent in connection with the issuance of the loan, credit, or charge card by an authorized financial institution;
(3) the sponsor has complied with all applicable State and federal laws relating to the extension of loans, credit, or charge cards; and
(4) the sponsor provides a full refund to any caller who requests one. (Added 1993, No. 99, § 2.)
