There Is a Newer Version of the Vermont Statutes
  1. 2025 Vermont Stat.
  2. 2024 Vermont Stat.
  3. 2023 Vermont Stat.
  4. 2005 Vermont Stat. (here)
  5. View All Versions
View Our Newest Version Here

2005 Vermont Code - § 10502. — Definitions relating to basic banking

§ 10502. Definitions relating to basic banking

For the purposes of sections 10501 through 10504 of this title, the following terms shall have the following meanings:

(1) "Basic checking account" means a deposit account on which the consumer is permitted to make payments or transfers by check, money order or other negotiable instruments and which is maintained by such person for personal, family or household purposes.

(2) "Basic savings account" means a savings account or statement savings which is maintained by such person for personal, family or household purposes.

(3) "Consumer" means a natural person. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001.)

Disclaimer: These codes may not be the most recent version. Vermont may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.