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Vermont Stat.
2025 Vermont Statutes
Title 8 - Banking and Insurance
Chapter 79 - Money Services
§ 2564. Disclosure for payroll processing services
Universal Citation:
8 VT Stats § 2564
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§ 2564. Disclosure for payroll processing services
(a) A licensee that provides payroll processing services shall:
(1) issue reports to clients detailing client payroll obligations in advance of the payroll funds being deducted from an account; and
(2) make available worker paystubs or an equivalent statement to workers.
(b) This section shall not apply to a licensee providing payroll processing services where the licensee’s client designates the intended recipients to the licensee and is responsible for providing the disclosures required by subdivision (a)(2) of this section. (Added 2023, No. 110 (Adj. Sess.), § 47, eff. July 1, 2024.)
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