Vermont Statutes Title 8 Sec. 2757a
Terms Used In Vermont Statutes Title 8 Sec. 2757a
- Contract: A legal written agreement that becomes binding when signed.
- 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
- 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
§ 2757a. Annual report; additional information
In addition to the information required by section 2120 of this title, the annual report shall state or contain:
(1) the number of new debt adjustment contracts entered into with Vermont residents during the preceding year, the number of Vermont residents that have completed the debt adjustment contract during the preceding year, the number of Vermont residents that have cancelled their debt adjustment contract during the preceding year, and the licensee’s total number of debt adjustment contracts with Vermont residents; and
(2) a list of the locations in this State and outside this State where the licensee engages in debt adjustment activities with Vermont residents. (Added 2003, No. 81 (Adj. Sess.), § 1; amended 2009, No. 137 (Adj. Sess.), § 3; 2019, No. 20, § 71.)