Vermont § 10501 - Basic banking It is the public policy of this State to promote the economic viability and prosperity of its residents and to promote, attract, and encourage savings
Full text of Vermont Vermont Statutes Online § 10501 — Basic banking It is the public policy of this State to promote the economic viability and prosperity of its residents and to promote, attract, and encourage savings, with citation guidance and answers to common questions.
§ 10501. Basic banking It is the public policy of this State to promote the economic viability and prosperity of its residents and to promote, attract, and encourage savings
- . The General Assembly
finds and declares that access to basic banking services for basic depository transactions
is necessary for the payment of monthly expenses and for the encouragement of thrift
by Vermont consumers. The General Assembly further finds and declares that reasonable
cost basic banking services promote savings on the part of consumers who are young,
old, or have low income and provide, through means of payment by check, draft, negotiable
order of withdrawal, or similar instrument, a viable alternative for cash transactions,
which is essential to all Vermont consumers. Therefore, it is the purpose of this
chapter to ensure that basic banking services remain available to all Vermont consumers. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001; amended 2013, No. 96 (Adj. Sess.), § 25.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 10501
What does Vermont Statutes Online § 10501 cover?
Section 10501 ("Basic banking It is the public policy of this State to promote the economic viability and prosperity of its residents and to promote, attract, and encourage savings") 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 § 10501?
A common citation format is "Vermont Statutes Online § 10501" (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 § 10501 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.