Public-domain · open source
OpenJurist

Vt. Stat. Ann. tit. 8, § 10506

Unsolicited distribution of cash advance contracts and notes

Added 1999, No. 153 (Adj

No person shall distribute by mail, or in any other manner, to a Vermont resident an unsolicited cash advance contract or note in furtherance of that contract. A person who violates this section shall also be subject to the provisions of chapter 201, subchapter 6 of this title. This section does not apply to:

(1) any communication by a lender with a borrower pursuant to a preexisting credit relationship, including the furnishing on an unsolicited basis of any check, card, plate, or other means of accessing a preexisting loan or line of credit; or

(2) any unsolicited firm offer of credit made in compliance with the rules of the Federal Trade Commission relating to prescreening, as in effect from time to time.

Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.