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2025 Vermont Statutes
Title 8 - Banking and Insurance
Chapter 79 - Money Services
§ 2501. Transition period
Universal Citation:
8 VT Stats § 2501
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§ 2501. Transition period
(a) A person licensed under subchapter three of this chapter prior to July 1, 2024, and their authorized delegates, shall not be subject to the provisions of this chapter that establish new or different requirements from those that existed prior to July 1, 2024 until July 1, 2025.
(b) Notwithstanding subsection (a) of this section, on or before July 1, 2025 a licensee shall amend its authorized delegate written contracts to comply with the requirements in section 2525 of this chapter, provided the licensee and authorized delegate otherwise operate in full compliance with this chapter pursuant to the timeline established in subsection (a) of this section. (Added 2023, No. 110 (Adj. Sess.), § 39, eff. July 1, 2024.)
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