§14304. Card holder represented by legal counsel

Link to law: http://legislature.vermont.gov/statutes/section/08/204/14304
Published: 2015

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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

204

:
POWERS OF FINANCIAL INSTITUTIONS






Subchapter

003
:
LOANS










 

§

14304. Card holder represented by legal counsel

(a) A credit

card company or its creditor or collection agency shall not contact a card

holder regarding a debt, late fee, or other charge once informed that the card

holder is disputing the debt, late fee, or other charge; is represented by

legal counsel in the dispute; and the card holder has provided the credit card

company or its creditor or collection agency with the name, address, and

telephone number of the legal counsel.

(b) A credit

card company or its creditor or collection agency that violates subsection (a)

of this section shall be fined not more than $10,000.00.

(c) Each

violation of subsection (a) of this section shall be considered a separate

offense. (Added 2009, No. 55, § 11.)
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