Vermont § 2500 Purpose

Vermont Statutes

§ 2500 — Purpose

Vermont·Title 8 Title 8: Banking and Insurance·Ch. 79 Chapter 079: Money Services

It is the intent of the General Assembly that the provisions of this chapter accomplish the following:

(1)ensure the State can coordinate with other states in all areas of regulation, licensing, and supervision to eliminate unnecessary regulatory burden and more effectively use regulator resources;

(2)protect the public from financial crime;

(3)standardize the types of activities that are subject to licensing or otherwise exempt from licensing; and

(4)modernize safety and soundness requirements to ensure customer funds are protected in an environment that supports innovative and competitive business practices. (Added 2023, No. 110 (Adj. Sess.), § 39, eff. July 1, 2024.)

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

It is the intent of the General Assembly that the provisions of this chapter accomplish the following:
(1) ensure the State can coordinate with other states in all areas of regulation, licensing, and supervision to eliminate unnecessary regulatory burden and more effectively use regulator resources;
(2) protect the public from financial crime;
(3) standardize the types of activities that are subject to licensing or otherwise exempt from licensing; and
(4) modernize safety and soundness requirements to ensure customer funds are protected in an environment that supports innovative and competitive business practices. (Added 2023, No. 110 (Adj. Sess.), § 39, eff. July 1, 2024.)

Vermont § 2500 (Purpose) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.