Vermont § 2260 Annual reports

Vermont Statutes

§ 2260 — Annual reports

Vermont·Title 8 Title 8: Banking and Insurance·Ch. 74 Chapter 074: Consumer Litigation Funding Companies

(a)Annually, on or before April 1, each company registered under this chapter shall file a report with the Commissioner under oath and in the form and manner prescribed by the Commissioner. In addition to information required by section 2120 of this title, the report shall include any information the Commissioner requires concerning the company’s business and operations during the preceding calendar year within Vermont and, in addition, shall include:

(1)the number of contracts entered into;

(2)the dollar value of funded amounts to consumers;

(3)the dollar value of charges under each contract, itemized and including the annual rate of return;

(4)the dollar amount and number of litigation funding transactions in which the realization to the company was as contracted; and

(5)the dollar

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Annually, on or before April 1, each company registered under this chapter shall file a report with the Commissioner under oath and in the form and manner prescribed by the Commissioner. In addition to information required by section 2120 of this title, the report shall include any information the Commissioner requires concerning the company’s business and operations during the preceding calendar year within Vermont and, in addition, shall include:
(1) the number of contracts entered into;
(2) the dollar value of funded amounts to consumers;
(3) the dollar value of charges under each contract, itemized and including the annual rate of return;
(4) the dollar amount and number of litigation funding transactions in which the realization to the company was as contracted; and
(5) the dollar amount and number of litigation funding transactions in which the realization to the company was less than contracted.
(b) [Repealed.]
(c) [Repealed.] (Added 2015, No. 128 (Adj. Sess.), § A.1; amended 2019, No. 20, § 39; 2019, No. 20, § 109(b), eff. Dec. 31, 2021.)

Vermont § 2260 (Annual reports) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.