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 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.)
