§2245. Pension loans

Link to law: http://legislature.vermont.gov/statutes/section/08/073/02245
Published: 2015

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Title

08

:
Banking and Insurance






Chapter

073

:
LICENSED LENDERS











 

§

2245. Pension loans

Any person who

engages in the business of offering consideration in exchange for a secured

interest in all or part of pension proceeds in the possession of a participant,

beneficiary, or member of a pension plan, program, or system shall be deemed to

be engaged in the business of making loans pursuant to subdivision 2201(a)(1)

of this chapter and shall be subject to 9 V.S.A. chapters 4 and 63. (Added

2013, No. 109 (Adj. Sess.), § 2.)
Read Entire Law on legislature.vermont.gov