Vermont § 2217 - Mortgage brokers

Full text of Vermont Vermont Statutes Online § 2217 — Mortgage brokers, with citation guidance and answers to common questions.

§ 2217. Mortgage brokers

  • (a) No licensee or other person shall act as a mortgage broker in any transaction in which
    the licensee or such other person is acting as a mortgage lender. (b) Each mortgage broker required to be licensed under this chapter shall retain for a
    minimum of six years after a contract is executed pursuant to section 2219 of this title, the original contract between the mortgage broker and the prospective borrower,
    a copy of the settlement statement, an account of fees received in connection with
    the loan, correspondence, papers, or records relating to the loan and such other documents
    as the Commissioner may require. (c) A mortgage broker and a mortgage loan originator shall only negotiate, place, or assist
    in placement of Vermont mortgage loans with lenders licensed pursuant to this chapter,
    or with depository institutions authorized to do such business in Vermont. (Added 1995, No. 162 (Adj. Sess.), § 18, eff. Jan. 1, 1997; amended 2009, No. 29, § 1.)

Source: official Vermont text · Last verified 2026-08-27

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Frequently Asked Questions About Vermont § 2217

What does Vermont Statutes Online § 2217 cover?

Section 2217 ("Mortgage brokers") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Vermont § 2217?

A common citation format is "Vermont Statutes Online § 2217" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Vermont law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.

How does Vermont § 2217 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.