§ 2122 — Use of other names or business places

Vermont § 2122

• Jurisdiction: Vermont
• Title 8: Title 8: Banking and Insurance
• Ch. 72: Chapter 072: General Provisions

Text

(a) A licensee shall not conduct business or make a loan subject to regulation under this part under any other name or at any other place of business than as specified in its license.
(b) Mortgage loan originators and employees of licensees may work remotely through a licensed location without being physically present at such location, provided the mortgage loan originator or employee is assigned to a licensed location, is adequately supervised by the licensee, and the licensee and the mortgage loan originator or employee meet such additional conditions as the Commissioner may require.
(c) This section does not apply to a commercial loan made to a borrower located outside Vermont for use outside Vermont.

Legislative History

(Added 2019, No. 20, § 2; amended 2021, No. 25, § 7, eff. May 12, 2021.)