Vermont Statutes
§ 2238 — Out-of-state commercial loans
Vermont·Title 8 Title 8: Banking and Insurance·Ch. 73 Chapter 073: Licensed Lenders, Mortgage Brokers, Mortgage Loan Originators, Sales Finance Companies, and Loan Solicitation Companies
A commercial loan made to a borrower located outside Vermont for use outside Vermont shall be deemed to be made outside the State of Vermont and shall not be subject to this chapter except upon written agreement of the licensee and borrower. (Added 1987, No. 142 (Adj. Sess.), § 4; amended 1989, No. 244 (Adj. Sess.), § 10; 2009, No. 29, § 1.)
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