Vermont § 2505 Loan and credit card services

Vermont Statutes

§ 2505 — Loan and credit card services

Vermont § 2505

Title 9Title 9: Commerce and Trade

Ch. 67Chapter 067: Pay-per-Call Services

This text of Vermont § 2505 (Loan and credit card services) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 9, § 2505 (2026).

Text

It shall be an unlawful practice for a sponsor to sell or offer for sale pay-per-call services directly or indirectly purporting to extend callers any form of credit, loan, or charge card unless:

(1)all advertisements and promotions for the service include a complete and accurate description of all terms, including fees, required purchases, interest rates, minimum account balances or deposits, limitations on usage, and other conditions, limitations, or charges associated therewith;

(2)the sponsor is authorized to act as an agent in connection with the issuance of the loan, credit, or charge card by an authorized financial institution;

(3)the sponsor has complied with all applicable State and federal laws relating to the extension of loans, credit, or charge cards; and

(4)the sponsor pr

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It shall be an unlawful practice for a sponsor to sell or offer for sale pay-per-call services directly or indirectly purporting to extend callers any form of credit, loan, or charge card unless:
(1) all advertisements and promotions for the service include a complete and accurate description of all terms, including fees, required purchases, interest rates, minimum account balances or deposits, limitations on usage, and other conditions, limitations, or charges associated therewith;
(2) the sponsor is authorized to act as an agent in connection with the issuance of the loan, credit, or charge card by an authorized financial institution;
(3) the sponsor has complied with all applicable State and federal laws relating to the extension of loans, credit, or charge cards; and
(4) the sponsor provides a full refund to any caller who requests one.