There Is a Newer Version of the Vermont Statutes
  1. 2025 Vermont Stat.
  2. 2024 Vermont Stat.
  3. 2023 Vermont Stat.
  4. 2011 Vermont Stat. (here)
  5. View All Versions
View Our Newest Version Here

2011 Vermont Code
Title 08 Banking and Insurance
Chapter 83 DEBT ADJUSTERS
§ 2758a Surrender of license, no effect on liability; reinstatement


8 VT Stats § 2758a. (2011 through Adj Sess) What's This?

§ 2758a. Surrender of license, no effect on liability; reinstatement

(a) Any licensee may surrender any license by delivering to the commissioner the license and notice that the licensee thereby surrenders such license.

(b) Surrender shall not affect the licensee's civil or criminal liability for acts committed prior to surrender. No revocation, suspension, or refusal to renew or surrender of any license shall impair or affect the obligation of any preexisting lawful contract between the licensee and any borrower.

(c) The commissioner shall have authority to reinstate revoked, suspended, or nonrenewed licenses or to issue new licenses to a licensee whose license or licenses shall have been revoked, suspended, or nonrenewed if no fact or condition then exists which would have justified the commissioner in refusing originally to issue such license under this chapter. (Added 2003, No. 81 (Adj. Sess.), { 1; amended 2009, No. 137 (Adj. Sess.), { 3.)

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.