2005 Vermont Code - § 2202. — Application for license; license and investigation fees

§ 2202. Application for license; license and investigation fees

(a) Application for a license shall be in writing, under oath, and in the form prescribed by the commissioner, and shall contain the name and the address of the residence and place of business of the applicant, and if the applicant is a partnership or association, of every member thereof, and if a corporation, of each officer and director thereof; also the county and municipality with street and number, if any, where the business is to be conducted and such further information as the commissioner may require.

(b)(1) At the time of making application, the applicant shall pay to the commissioner a fee for investigating the application and a license fee for a period terminating on the last day of the current calendar year. The following fees are imposed on applicants:

(A) For an applicant for a lender's license, $1,000.00 as a license fee, and $1,000.00 as an application and investigation fee. An additional license fee of $100.00 shall be required of any applicant for a lender's license who also intends to engage in mortgage brokerage. An additional license fee of $100.00 shall be required for any applicant for a lender's license who also intends to engage in sales finance.

(B) For an applicant for a mortgage broker's license, $250.00 as a license fee, and $250.00 as an application and investigation fee.

(C) For an applicant for a sales finance company's license, $300.00 as a license fee, and $250.00 as an application and investigation fee.

(2) For an applicant for a mortgage broker's license, $350.00 as a license fee, and $350.00 as an application and investigation fee.

(3) For an applicant for a sales finance company's license, $350.00 as a license fee, and $350.00 as an application and investigation fee.

(4) The license fee for an application submitted after September 30 of any year shall be prorated. (Amended 1979, No. 173 (Adj. Sess.), § 3, eff. April 30, 1980; 1987, No. 117, § 3; 1995, No. 162 (Adj. Sess.), § 3, eff. Jan. 1, 1997; 2005, No. 36, § 2; No. 72, § 2.)