Vermont Statutes Title 8 Sec. 2763
Terms Used In Vermont Statutes Title 8 Sec. 2763
- debt adjustment: means making an agreement with a debtor whereby the debt adjuster agrees to distribute, supervise, coordinate, negotiate, or control the distribution of money or evidences thereof among one or more of the debtor's creditors in full or partial payment of obligations of the debtor and includes services as an intermediary between a debtor and one or more of the debtor's creditors for the purpose of obtaining concessions. See
- following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 2763. Exceptions
The provisions of this chapter shall not apply to the following:
(1) any attorney admitted to the practice of law in this State, when engaged in such practice;
(2) any financial institution as defined in subdivision 11101(32) of this title or a lender licensed under chapter 73 of this title, which performs debt adjustment in the regular course of its principal business;
(3) any person acting pursuant to any law of this State or of the United States or acting under the order of a court;
(4) any bona fide nonprofit religious, fraternal, or cooperative organization offering debt adjustment services exclusively for members;
(5) any employee of a licensee when acting in the regular course of his or her employment; and
(6) a certified public accountant licensed in this State, when services are rendered in the course of his or her practice as a certified public accountant. (Added 1969, No. 204 (Adj. Sess.), eff. March 23, 1970; amended 2003, No. 81 (Adj. Sess.), § 1; 2009, No. 137 (Adj. Sess.), § 3.)