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87 chapters · 1,498 sections in this title.
08 V.S.A. ch. 085, § 2900 Definitions
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§ 2900. Definitions As used in this chapter: (1) “Loan” means a residential mortgage loan. (2) “Servicing” means receiving a scheduled periodic payment from a borrower pursuant to the terms of a loan, including amounts for escrow accounts, and making the payments to the owner of …
08 V.S.A. ch. 085, § 2901 License required
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§ 2901. License required (a) No person shall act as a third party loan servicer, directly or indirectly, for a loan to a Vermont borrower without first obtaining a license under this chapter from the Commissioner. (b) No license shall be required of: (1) a depository institution;…
08 V.S.A. ch. 085, § 2903 Bond
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§ 2903. Bond (a) Prior to issuance of a license, the applicant shall file with the Commissioner and shall keep in force thereafter for as long as the license remains in effect, a bond in a form and substance to be approved by the Commissioner in which the applicant shall be the o…
08 V.S.A. ch. 085, § 2907 Additional bond
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§ 2907. Additional bond If the Commissioner finds at any time that a licensee’s bond is insecure, exhausted, insufficient, or otherwise doubtful, the Commissioner shall require one or more additional bonds meeting the standards set forth in section 2903 of this chapter. The licen…