Vermont § 2502 Relationship to federal law

Vermont Statutes

§ 2502 — Relationship to federal law

Vermont § 2502

Title 8Title 8: Banking and Insurance

Ch. 79Chapter 079: Money Services

This text of Vermont § 2502 (Relationship to federal law) 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. 8, § 2502 (2026).

Text

(a)In the event state money transmission jurisdiction is conditioned on a federal law, any inconsistencies between a provision of this chapter and the federal law governing money transmission shall be governed by the applicable federal law to the extent of the inconsistency.

(b)In the event of any inconsistencies between this chapter and a federal law that governs pursuant to subsection (a) of this section, the Commissioner may provide interpretive guidance that:

(1)identifies the inconsistency; and

(2)identifies the appropriate means of compliance with federal law. (Added 2023, No. 110 (Adj. Sess.), § 39, eff. July 1, 2024.)

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(a) In the event state money transmission jurisdiction is conditioned on a federal law, any inconsistencies between a provision of this chapter and the federal law governing money transmission shall be governed by the applicable federal law to the extent of the inconsistency.
(b) In the event of any inconsistencies between this chapter and a federal law that governs pursuant to subsection (a) of this section, the Commissioner may provide interpretive guidance that:
(1) identifies the inconsistency; and
(2) identifies the appropriate means of compliance with federal law. (Added 2023, No. 110 (Adj. Sess.), § 39, eff. July 1, 2024.)