Vermont § 2252 - Registration; financial stability
Full text of Vermont Vermont Statutes Online § 2252 — Registration; financial stability, with citation guidance and answers to common questions.
§ 2252. Registration; financial stability
- (a) A company shall not engage in the business of consumer litigation funding without
first filing a registration with the Commissioner on a form prescribed by the Commissioner
and submitting a registration fee and proof of financial stability. (b) A company shall file with the Commissioner evidence of its financial stability, which
shall include proof of a surety bond or irrevocable letter of credit issued and confirmed
by a financial institution authorized by law to transact business in Vermont that
is equal to double the amount of the company’s largest funded amount in Vermont in
the prior three calendar years or $50,000.00, whichever is greater. (Added 2015, No. 128 (Adj. Sess.), § A.1; amended 2017, No. 22, § 1, eff. May 4, 2017; 2019, No. 20, § 34.)
Frequently Asked Questions About Vermont § 2252
What does Vermont Statutes Online § 2252 cover?
Section 2252 ("Registration; financial stability") 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 § 2252?
A common citation format is "Vermont Statutes Online § 2252" (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 § 2252 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.