2018 Vermont Statutes
Title 8 - Banking and Insurance
Chapter 83 - Debt Adjusters
§ 2757b Additional places of business; change of place of business; change of management; change in control

Universal Citation: 8 V.S.A. § 2757b

§ 2757b. Additional places of business; change of place of business; change of management; change in control

(a) Any change of location, addition of another place of business, or closing of a place of business of the licensee shall require 30 days' prior written notice thereof to the Commissioner.

(b) A fee of $100.00 shall accompany a notice of change of location or a notice of an additional place of business. Upon receipt of the notice and fee, the Commissioner shall attach to the license in writing the Commissioner's record of the change and the date thereof, which shall be authority for the operation of such business under such license at such new or additional location.

(c) The licensee shall notify the Commissioner of every change in the senior management, officers, or directors of the licensee within 30 days after such change.

(d) The licensee shall notify the Commissioner of any change in control of the licensee at least 30 days prior to such change. The licensee shall also submit a nonrefundable fee of $250.00 with such notification of a change in control of the licensee. If the Commissioner finds that the qualifications of section 2756 of this chapter are satisfied, the Commissioner shall approve such change in control of the licensee. (Added 2003, No. 81 (Adj. Sess.), § 1; amended 2009, No. 137 (Adj. Sess.), § 3.)

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