2011 Vermont Code
Title 08 Banking and Insurance
Chapter 85 LOAN SERVICERS
§ 2910 Renewal of license
§ 2910. Renewal of license
(a) On or before December 1 of each year, every licensee shall renew its license for the next succeeding calendar year and shall pay to the commissioner a license renewal fee of $1,000.00. At a minimum, the licensee shall continue to meet the standards for license issuance under section 2904 of this chapter. At the same time, the licensee shall maintain with the commissioner a bond in the amount and of the character as required by section 2903 of this chapter or as required by the commissioner under section 2907 of this chapter.
(b) Any license originally issued on or after November 1 of the current year shall be valid for the next succeeding year. (Added 2009, No. 96 (Adj. Sess.), { 1, eff. Jan. 1, 2011.)
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