Vermont § 2753 - Application for license; additional information

§ 2753. Application for license; additional information

• (a) In addition to the information required by section 2102 of this title, an application for a license under this chapter shall state or contain: (1) A description of any debt adjustment and related services previously provided by the
  applicant. (2) The debt adjustment and related services that the applicant seeks to provide in this
  State. (3) A description of how the applicant will market its services, along with copies of
  all scripts, mailings, advertisements, and other marketing materials, provided that
  submission of these materials shall not waive any legal claim the State may have with
  respect to the content or use of the materials. (4) A description of the nature and amount of the fees, or the method of calculating the
  fees, charged to the debtor. (5) A list of the applicant’s locations in this State and outside this State where the
  applicant proposes to engage Vermont residents in debt adjustment services. (6) A list of other states in which the applicant is licensed to engage in debt adjustment
  services and information concerning any bankruptcy or receivership proceedings affecting
  the licensee, and any license revocations, suspensions, or criminal or disciplinary
  action taken against the applicant in other states. (7) A blank copy of the contract the applicant intends to use. The applicant shall notify
  the Commissioner of all changes and amendments thereto. The terms and conditions of
  all contracts shall be subject to prior approval by the Commissioner. (8) The name and address of the federally insured financial institution through which
  the applicant maintains a separate account for the benefit of debtors. (b) The Commissioner may waive one or more requirements of this section or permit an applicant
  to submit substituted information in lieu of the required information. (Added 1969, No. 204 (Adj. Sess.), eff. March 23, 1970; amended 2003, No. 81 (Adj. Sess.), § 1; 2009, No. 137 (Adj. Sess.), § 3; 2011, No. 78 (Adj. Sess.), § 20, eff. April 2, 2012; 2019, No. 20, § 67.)