An act relating to banking, insurance, and securities

Summary

The act revises a wide range of financial‑sector statutes, adding new licensing standards for banks, mortgage originators, money‑transmission services, virtual‑currency businesses and consumer‑litigation funding firms. It imposes stricter background‑check, bond and reporting requirements, expands anti‑discrimination rules, and raises civil penalties for violations. The changes affect banks, credit unions, insurers, mortgage lenders, fintech firms and other regulated financial entities operating in Vermont.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share