Vermont § 2120 - Annual report; call reports
Full text of Vermont Vermont Statutes Online § 2120 — Annual report; call reports, with citation guidance and answers to common questions.
§ 2120. Annual report; call reports
- (a)(1) In addition to any specific information required by the applicable chapter, annually,
on or before April 1, a licensee shall file a report with the Commissioner to provide
the information the Commissioner reasonably requires concerning the business and operations
conducted in this State during the preceding calendar year. (2) The licensee shall submit the report under oath and in the form the Commissioner requires. (3) For good cause, the Commissioner may extend the due date for the annual report required
by this subsection. (4) If a licensee does not file its annual report on or before April 1, or within any
extension of time granted by the Commissioner, the licensee shall pay to the Department
$1,000.00 for each month or part of a month that the report is past due, beginning
on the date that is five business days after April 1 or the last date of such extension,
as applicable. (b)(1) Annually, not later than 90 days after the end of its fiscal year, a licensee shall
file financial statements with the Commissioner in a form and substance acceptable
to the Commissioner, which financial statements shall include a balance sheet and
income statement. (2) This subsection does not apply to a lender making only commercial loans.
Frequently Asked Questions About Vermont § 2120
What does Vermont Statutes Online § 2120 cover?
Section 2120 ("Annual report; call reports") 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 § 2120?
A common citation format is "Vermont Statutes Online § 2120" (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 § 2120 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.