reglab/housing_qa huggingface dataset:
8 V.S.A. § 24
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 1 - Policy and Administration|§ 24. Senior investor protection

§ 24. Senior investor protection|(a) The Commissioner may, in addition to other powers conferred on the Commissioner by law, adopt rules and issue orders necessary to protect senior investors from being misled by false or misleading certifications, licenses, professional designations, or other credentials that imply or indicate a special level of knowledge with regard to senior investors or their needs in the sale of securities or insurance, or both, in the providing of investment advice.(b) To implement the protections described in subsection (a) of this section, the Commissioner may:  (1) establish standards for senior-specific certifications, licenses, professional designations, and other credentials; (2) develop initiatives to investigate and take action against fraudulent, misleading, dishonest, or unethical marketing practices directed toward seniors; (3) develop educational materials and training aimed at reducing such marketing practices; and (4) accept grants from government or private entities to fund the activities set forth in this section.   (c) Any rules adopted or orders issued by the Commissioner under this section shall conform to the extent practicable to the North American Securities Administrators Association Model Rule on the Use of Senior-Specific Certifications and Professional Designation, as amended, and the National Association of Insurance Commissioners Model Regulation on the Use of Senior-Specific Certifications and Professional Designations in the Sale of Life Insurance and Annuities, as amended.(d)(1) A violation of a rule adopted or orders issued under this section with respect to the business of insurance shall constitute an unfair or deceptive act or practice in the business of insurance, and the Commissioner may enforce such violations pursuant to the Commissioner's authority conferred by the Insurance Trade Practices Act, chapter 129 of this title, and pursuant to any other authority conferred upon the Commissioner by law.  (2) A violation of a rule adopted or order issued under this section with respect to the business of securities and investment advice shall constitute a violation of 9 V.S.A. § 5412(d)(13), and the Commissioner may enforce such violations pursuant to the Commissioner's authority conferred by the Vermont Uniform Securities Act, 9 V.S.A. chapter 150, and pursuant to any other authority conferred upon the Commissioner.   (e) The Commissioner, in addition to other powers conferred on the Commissioner by law, may increase the amount of an administrative penalty by not more than $5,000.00 per violation for violations involving a person who is a vulnerable adult as defined in 33 V.S.A. § 6902(14). (Added 2009, No. 53, § 3; amended 2017, No. 80, § 2.)
8 V.S.A. § 80
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 3 - The Commissioner|§ 80. Insurance Regulatory and Supervision Fund

§ 80. Insurance Regulatory and Supervision Fund|(a) There is hereby created a fund to be known as the Insurance Regulatory and Supervision Fund for the purpose of providing the financial means for the Commissioner of Financial Regulation to administer Parts 3 and 6, except chapter 133 of this title, and except as provided under subsection 6017(a) of this title. All fees and assessments received by the Department pursuant to such administration shall be credited to this Fund. All fines and administrative penalties, however, shall be deposited directly into the General Fund.(b) All payments from the Insurance Regulatory and Supervision Fund for the maintenance of staff and associated expenses, including contractual services as necessary, shall be disbursed from the State Treasury only upon warrants issued by the Commissioner of Finance and Management, after receipt of proper documentation regarding services rendered and expenses incurred.(c) Annually, $30,000.00 shall be transferred from the Fund to the Fire Service Training Council Special Fund established in 20 V.S.A. § 3157.(d) At the end of each fiscal year, the balance in the Insurance Regulatory and Supervision Fund shall be transferred to the General Fund.(e) The Commissioner of Finance and Management may anticipate receipts to the Insurance Regulatory and Supervision Fund and issue warrants based thereon. (Added 1985, No. 242 (Adj. Sess.), § 310; amended 1989, No. 225 (Adj. Sess.), § 25(b); 1995, No. 180 (Adj. Sess.), § 38(a); 1999, No. 49, § 216; 1999, No. 87 (Adj. Sess.), § 4; 2003, No. 80 (Adj. Sess.), § 75, eff. March 8, 2004; 2005, No. 71, § 268; 2011, No. 78 (Adj. Sess.), § 2, eff. April 2, 2012.)
8 V.S.A. § 1801
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 65 - Development Credit Corporations|§ 1801. Purposes

§ 1801. Purposes|The expression "development credit corporation" hereinafter called the corporation, as used in this chapter shall mean a corporation, incorporated under the general laws of the State, the purposes of which shall be:  (1) to provide financial assistance to industrial, agricultural, recreational, or other enterprises potentially valuable to the State or its citizens, when and to the extent which, such financing shall lie beyond the prescribed limits of laws governing banks of deposit; (2) to assist by research and counsel such enterprises; (3) to conduct ex parte inquiries into ways and means of improving, promoting, or increasing the general welfare of the State, its political subdivisions, and its citizens by financial aid, counsel, or otherwise; and (4) to dedicate its energies to the discovery of ways and means of returning to maximum productivity any and all presently nonproducing assets in the State, for the dual purpose of increasing the welfare of the owner and of augmenting the taxable potential of the State. (Added 1969, No. 64, § 1, eff. Jan. 1, 1970; amended 1999, No. 153 (Adj. Sess.), § 3, eff. Jan. 1, 2001.)
8 V.S.A. § 1802
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 65 - Development Credit Corporations|§ 1802. General and specific power

§ 1802. General and specific power|A development credit corporation shall have such general and specific rights and powers, within the limitations of its charter, as are enjoyed by other Vermont corporations, and, in addition, such rights and powers as are granted hereafter. (Added 1969, No. 64, § 1, eff. Jan. 1, 1970.)
8 V.S.A. § 1803
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 65 - Development Credit Corporations|§ 1803. Determination of public good

§ 1803. Determination of public good|Prior to the granting of a charter to a development credit corporation, the Commissioner shall find that such grant shall promote the general good of the State. (Added 1969, No. 64, § 1, eff. Jan. 1, 1970; amended 1989, No. 225 (Adj. Sess.), § 25(b); 1995, No. 180 (Adj. Sess.), § 38(a); 2003, No. 105 (Adj. Sess.), § 9.)
8 V.S.A. § 1804
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 65 - Development Credit Corporations|§ 1804. Tax exempt status

§ 1804. Tax exempt status|Being an institution of public welfare created primarily to increment, augment, and increase sources of taxation within the State, and, in order to induce continuing public support to the corporation, earnings of the corporation shall be exempt from State income taxes, and the holder or holders of any security issued by the corporation shall, in like manner, be exempt from payment of income taxes on dividends or interest paid thereon. (Added 1969, No. 64, § 1, eff. Jan. 1, 1970.)
8 V.S.A. § 2100
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 72 - General Provisions|§ 2100. Application of chapter

§ 2100. Application of chapter|(a) Except as otherwise provided in this part, this chapter applies to a person doing or soliciting business in this State as described in this part.(b) This chapter does not apply to:  (1) development credit corporations subject to chapter 65 of this title; or (2) independent trust companies subject to chapter 77 of this title. (Added 2019, No. 20, § 2; amended 2019, No. 103 (Adj. Sess.), § 1.)
8 V.S.A. § 2104
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 72 - General Provisions|§ 2104. Request for reconsideration; review of denial of application

§ 2104. Request for reconsideration; review of denial of application|(a)(1) If the Commissioner denies an application, not later than 15 days after the date of denial the applicant may request that the Commissioner reconsider the application.  (2) The applicant shall submit his or her request in writing and shall respond specifically to the Commissioner's stated reason or reasons for denial.   (b)(1) The Commissioner shall reconsider the application in light of the applicant's request and response and issue a decision not later than 60 days after the date of the request.  (2) If the Commissioner finds that the applicant meets the requirements of subsection 2103(a) of this title, he or she shall issue a license. (3) If the Commissioner finds that the applicant does not meet the requirements of subsection 2103(a) of this title, the Commissioner shall not issue a license and shall:  (A) return to the applicant the bond, if any, and any amounts paid for the applicable license fee; and (B) retain the investigation fee to cover the costs of investigating the application.    (c) The applicant may appeal the Commissioner's decision by filing an action in the civil division of the Washington County Superior Court not later than 15 days after the date the Commissioner denied the request for reconsideration. (Added 2019, No. 20, § 2; amended 2019, No. 103 (Adj. Sess.), § 8.)
8 V.S.A. § 2105
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 72 - General Provisions|§ 2105. Contents of license; nontransferable

§ 2105. Contents of license; nontransferable|(a) A license shall state the address at which a licensee will conduct its business, shall state fully the name of the licensee, and, if the licensee is not an individual, shall state the date and place of its organization or incorporation.(b) A mortgage loan originator license shall state fully the name of the individual, his or her sponsoring company, and the licensed location to which he or she is assigned.(c) A licensee shall not transfer or assign a license.(d) The Commissioner, in his or her discretion, may issue a license through the NMLS. (Added 2019, No. 20, § 2; amended 2021, No. 25, § 6, eff. May 12, 2021.)
8 V.S.A. § 2106
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 72 - General Provisions|§ 2106. Additional place of business; change of place of business

§ 2106. Additional place of business; change of place of business|(a)(1) A license is required for each place of business.  (2) Except as otherwise provided in this title, the Commissioner may issue more than one license to the same licensee for additional places of business if the licensee meets the requirements for each place of business.   (b)(1) A licensee shall provide written notice to the Commissioner and fee of $100.00 not less than 30 days before changing or closing a place of business.  (2) Upon receiving the notice and fee, the Commissioner shall record the change of location and the date, and the licensee may operate at the new location. (Added 2019, No. 20, § 2.)
8 V.S.A. § 2107
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 72 - General Provisions|§ 2107. Change of control

§ 2107. Change of control|(a) A licensee shall give the Commissioner notice of a proposed change of control within 30 days of the proposed change and request approval of the acquisition. A money transmitter licensee shall also submit with the notice a nonrefundable fee of $500.00.(b) After review of a request for approval under subsection (a) of this section, the Commissioner may require the licensee to provide additional information concerning the proposed persons in control of the licensee. The additional information shall be limited to the same categories of information required of the licensee or persons in control of the licensee as part of its original license or renewal application.(c) The Commissioner shall approve a request for change of control under subsection (a) of this section if, after investigation, the Commissioner determines that the person or group of persons requesting approval has the competence, experience, character, and general fitness to operate the licensee or person in control of the licensee in a lawful and proper manner, and that the interests of the public will not be jeopardized by the change of control.(d) The Commissioner shall approve or deny a request for change of control not later than 60 days after a complete request is filed and notify the licensee of the decision in a record. The Commissioner for good cause may extend the review period.(e) The following persons are exempt from the prefiling requirements of subsection (a) of this section, but the licensee shall notify the Commissioner of the change of control and request the Commissioner's approval using the standards in subsection (b) of this section for a change of control:  (1) a person that acts as a proxy for the sole purpose of voting at a designated meeting of the security holders or holders of voting interests of a licensee or person in control of a licensee; (2) a person that acquires control of a licensee by devise or descent; (3) a person that acquires control as a personal representative, custodian, guardian, conservator, or trustee, or as an officer appointed by a court of competent jurisdiction or by operation of law; and (4) a person that the Commissioner, by rule or order, exempts in the public interest.   (f) Subsection (a) of this section does not apply to public offerings of securities.(g) Before filing a request for approval to acquire control, a person may request in a record a determination from the Commissioner as to whether the person would be considered a person in control of a licensee upon consummation of a proposed transaction. If the Commissioner determines that the person would not be a person in control of a licensee, the Commissioner shall enter an order to that effect, and the proposed person and transaction is not subject to the requirements of subsections (a) through (c) of this section. (Added 2019, No. 20, § 2.)
8 V.S.A. § 2108
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 72 - General Provisions|§ 2108. Notification of material change

§ 2108. Notification of material change|(a) A licensee shall notify the Commissioner in writing within 30 days of any material change in the information provided in a licensee's application.(b) A licensee shall notify the Commissioner in writing within 30 days of any change in the list of executive officers, managers, directors, or responsible individuals.(c) A licensee shall file a report with the Commissioner within 15 business days after the licensee has reason to know of the occurrence of any of the following events involving the licensee, or any executive officer, manager, director, person in control, responsible individual, or equivalent of the licensee:  (1) the filing of a petition by or against the licensee or such person under the U.S. Bankruptcy Code for bankruptcy or reorganization; (2) the filing of a petition by or against the licensee for receivership, the commencement of any other judicial or administrative proceeding for its dissolution or reorganization, or the making of a general assignment for the benefit of its creditors; (3) the commencement of a disciplinary proceeding or a license denial against the licensee or such person in a state or country in which the licensee engages in business or is licensed, including any action by the Attorney General of any state; (4) the cancellation or other impairment of the licensee's bond or other security; (5) a charge or conviction against the licensee or such person for a felony; (6) a charge against or conviction of an authorized delegate for a felony; (7) receiving notification of the initiation of a class action lawsuit against the licensee; or (8) any change in the organizational structure of the licensee or any parent company of the licensee. (Added 2019, No. 20, § 2.)
8 V.S.A. § 2111
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 72 - General Provisions|§ 2111. Revocation, suspension, termination, or nonrenewal where more than one place of business

§ 2111. Revocation, suspension, termination, or nonrenewal where more than one place of business|The Commissioner may revoke, suspend, terminate, or refuse to renew only the license for a particular place of business at which grounds for revocation, suspension, termination, or refusal to renew may occur or exist, or if the Commissioner finds that such grounds for revocation, suspension, termination, or refusal to renew are of general application to all licensed places of business, or to more than one licensed place of business, operated by such licensee, the Commissioner shall revoke, suspend, terminate, or refuse to renew all of the licenses issued to the licensee or such licenses as such grounds apply to, as the case may be. (Added 2019, No. 20, § 2.)
8 V.S.A. § 2112
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 72 - General Provisions|§ 2112. Surrender of license; no effect on liability; reinstatement

§ 2112. Surrender of license; no effect on liability; reinstatement|(a) A licensee may surrender a license by delivering to the Commissioner notice that the licensee surrenders the license.(b) Surrender shall not affect the licensee's administrative, civil, or criminal liability for acts committed prior to surrender. A revocation, suspension, termination, refusal to renew, or surrender of a license does not impair or affect the obligation of a preexisting lawful contract.(c) The Commissioner may reinstate a revoked, suspended, terminated, expired, inactive, or nonrenewed license or issue a new license to a licensee whose license was revoked, suspended, terminated, expired, inactive, or nonrenewed if no fact or condition then exists that would have warranted the Commissioner to refuse to issue the license under this part; provided, however, that the Commissioner shall not issue a new license or reinstate a license to a mortgage loan originator whose license was revoked unless the revocation order is vacated. (Added 2019, No. 20, § 2.)
8 V.S.A. § 2113
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 72 - General Provisions|§ 2113. Appeal of final order

§ 2113. Appeal of final order|(a) The Commissioner shall serve his or her findings and order of suspension, termination, revocation, or to cease and desist in specified conduct on the licensee by mail at the licensee's current address as stated on the license, which shall be presumptive evidence of its receipt by the licensee.(b) The licensee may appeal the Commissioner's decision by filing an action in the civil division of the Washington County Superior Court not later than 15 days after the date of service. (Added 2019, No. 20, § 2.)
8 V.S.A. § 2114
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 72 - General Provisions|§ 2114. Rules

§ 2114. Rules|The Commissioner may adopt rules and issue orders, rulings, demands, and findings as is necessary to perform his or her duties under this part. (Added 2019, No. 20, § 2.)
8 V.S.A. § 2115
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 72 - General Provisions|§ 2115. Penalties

§ 2115. Penalties|(a) The Commissioner may:  (1) impose an administrative penalty of not more than $10,000.00, plus the State's cost and expenses of investigating and prosecution of the matter, including attorney's fees, for each violation upon any person who violates or participates in the violation of this part; chapter 200 of this title; 9 V.S.A. chapter 4, 59, or 61; or any lawful rule adopted, or directive or order issued, pursuant to those sections; and (2) order any person to make restitution to another person for a violation of this part, chapter 200 of this title, or 9 V.S.A. chapter 4, 59, or 61.   (b) Each violation, or failure to comply with any directive or order of the Commissioner, is a separate and distinct violation.(c) It shall be a criminal offense, punishable by a fine of not more than $100,000.00, or not more than a year in prison, or both, for any person, after receiving an order that directs the person to cease exercising the duties and powers of a licensee and imposes an administrative penalty under this part, to perform the duties or exercise the powers of a licensee until the penalty has been satisfied, or otherwise satisfactorily resolved between the parties, or the order is vacated by the Commissioner or by a court of competent jurisdiction.(d)(1) A loan contract made in knowing and willful violation of subdivision 2201(a)(1) of this title is void, and the lender shall not collect or receive any principal, interest, or charges; provided, however, in the case of a loan made in violation of subdivision 2201(a)(1) of this title, where the Commissioner does not find a knowing and willful violation, the lender shall not collect or receive any interest or charges, but may collect and receive principal.  (2) If a person who receives an order that directs the person to cease exercising the duties and powers of a licensee and imposes an administrative penalty under this part continues to perform the duties or exercise the powers of a licensee without satisfying the penalty, or otherwise reaching a satisfactory resolution between the parties, or securing a decision vacating the order by the Commissioner or by a court of competent jurisdiction, a loan contract made by the person after receipt of such order is void and the lender shall not collect or receive any principal, interest, or charges.   (e) The powers vested in the Commissioner in this part are in addition to any other powers to enforce penalties, fines, or forfeitures authorized by law. (Added 2019, No. 20, § 2; amended 2019, No. 103 (Adj. Sess.), § 9.)
8 V.S.A. § 2116
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 72 - General Provisions|§ 2116. Administrative procedure

§ 2116. Administrative procedure|All administrative proceedings under this part shall be conducted in accordance with 3 V.S.A. chapter 25 and any rules adopted by the Commissioner on hearing procedure. (Added 2019, No. 20, § 2.)
8 V.S.A. § 2118
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 72 - General Provisions|§ 2118. Joint examinations

§ 2118. Joint examinations|(a)(1) The Commissioner may conduct an on-site examination in conjunction with representatives of other state agencies or agencies of another state or of the federal government.  (2) Instead of an examination, the Commissioner may accept the examination report of an agency of this State or of another state or of the federal government or a report prepared by an independent certified public accountant.   (b)(1) A joint examination or an acceptance of an examination report does not preclude the Commissioner from conducting an examination as provided by law.  (2) A joint report or a report accepted under this subsection is an official report of the Commissioner for all purposes. (Added 2019, No. 20, § 2.)
8 V.S.A. § 2119
2021 Vermont Statutes|Title 8 - Banking and Insurance|Chapter 72 - General Provisions|§ 2119. Records required of licensee

§ 2119. Records required of licensee|(a)(1) A licensee shall keep, use in the licensee's business, and make available to the Commissioner upon request, the books, accounts, records, and data compilations as will enable the Commissioner to determine whether the licensee is complying with the provisions of this part and with the rules adopted by the Commissioner.  (2) A licensee shall preserve the books, accounts, records, and data compilations in a secure manner for not less than seven years after making the final entry on any loan recorded therein. (3) After the seven-year retention period, the licensee shall dispose of the books, accounts, records, and data compilations in accordance with 9 V.S.A. § 2445.   (b) A licensee may maintain records in any form permitted in subsection 11301(c) of this title. (Added 2019, No. 20, § 2.)