§2407. Scope

Link to law: http://legislature.vermont.gov/statutes/section/09/061/02407
Published: 2015

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The Vermont Statutes Online



Title

09

:
Commerce and Trade






Chapter

061

:
RETAIL INSTALLMENT SALES











 

§

2407. Scope

(a) This chapter

shall not affect or apply to any loans or to the business of making loans under

or in accordance with the laws of this State, nor shall any of the provisions

of the loan or interest statutes of this State affect or apply to any retail

installment transaction regulated hereunder. Nothing in this chapter shall be

construed to impair or in any way affect any rule of law applicable to or

governing retail installment sales not otherwise subject hereto. This chapter

shall apply exclusively to all retail installment transactions as defined in

section 2401 of this title.

(b) This chapter

shall not apply to commercial leases. (1963, No. 221, § 7, eff. Jan. 1, 1964;

amended 1989, No. 122, § 22, eff. June 30, 1989; 1989, No. 284 (Adj. Sess.), §

3.)
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