Terms Used In Vermont Statutes Title 9 Sec. 2505

  • Advertisements and promotions: include all forms of solicitation directed at prospective callers of pay-per-call services, including mailings and advertisements in newspapers and magazines and on radio and television. See
  • Caller: means a person who accesses a pay-per-call service. See
  • Fees: shall mean earnings due for official services, aside from salaries or per diem compensation. See
  • Sponsor: means an individual, corporation, association, partnership, or other entity that sells or offers to sell a pay-per-call service to a person in this State and on whose behalf charges are billed, but shall not include a public utility regulated by the State or the Federal Communications Commission or an interexchange carrier which provides transport or billing and collection services for a pay-per-call service unless the public utility or interexchange carrier actually produces or advertises the pay-per-call service. 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

§ 2505. Loan and credit card services

It shall be an unlawful practice for a sponsor to sell or offer for sale pay-per-call services directly or indirectly purporting to extend callers any form of credit, loan, or charge card unless:

(1) all advertisements and promotions for the service include a complete and accurate description of all terms, including fees, required purchases, interest rates, minimum account balances or deposits, limitations on usage, and other conditions, limitations, or charges associated therewith;

(2) the sponsor is authorized to act as an agent in connection with the issuance of the loan, credit, or charge card by an authorized financial institution;

(3) the sponsor has complied with all applicable State and federal laws relating to the extension of loans, credit, or charge cards; and

(4) the sponsor provides a full refund to any caller who requests one. (Added 1993, No. 99, § 2.)