Vermont § 10504 - Basic banking rules The Commissioner may adopt rules to require financial institutions with their principal place of business in this State to offer basic checking and savings accounts if the

Full text of Vermont Vermont Statutes Online § 10504 — Basic banking rules The Commissioner may adopt rules to require financial institutions with their principal place of business in this State to offer basic checking and savings accounts if the, with citation guidance and answers to common questions.

§ 10504. Basic banking rules The Commissioner may adopt rules to require financial institutions with their principal place of business in this State to offer basic checking and savings accounts if the

  • Commissioner finds a material deterioration in the availability and cost of basic
    checking and savings account services in the results of any two consecutive surveys.
    The rule adopted by the Commissioner under this section shall ensure that any required
    basic banking will not impair the safety and soundness of any affected financial institution
    and that any such rules shall not adversely affect other consumers of banking services. (Added 1999, No. 153 (Adj. Sess.), § 2, eff. Jan. 1, 2001; amended 2021, No. 105 (Adj. Sess.), § 282, eff. July 1, 2022.)

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Frequently Asked Questions About Vermont § 10504

What does Vermont Statutes Online § 10504 cover?

Section 10504 ("Basic banking rules The Commissioner may adopt rules to require financial institutions with their principal place of business in this State to offer basic checking and savings accounts if the") 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 § 10504?

A common citation format is "Vermont Statutes Online § 10504" (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 § 10504 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.