Vermont § 2505 - Loan and credit card services It shall be
Full text of Vermont Vermont Statutes Online § 2505 — Loan and credit card services It shall be, with citation guidance and answers to common questions.
§ 2505. Loan and credit card services It shall be
- an unlawful practice for a sponsor to sell or offer for sale pay-per-call services directly or indirectly purporting to extend callers any form of credit, loan, or charge card unless: (1) all advertisements and promotions for the service include a complete and accurate description of all terms, including fees, required purchases, interest rates, minimum account balances or deposits, limitations on usage, and other conditions, limitations, or charges associated therewith; (2) the sponsor is authorized to act as an agent in connection with the issuance of the loan, credit, or charge card by an authorized financial institution; (3) the sponsor has complied with all applicable State and federal laws relating to the extension of loans, credit, or charge cards; and (4) the sponsor provides a full refund to any caller who requests one. (Added 1993, No. 99, § 2.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 2505
What does Vermont Statutes Online § 2505 cover?
Section 2505 ("Loan and credit card services It shall be") 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 § 2505?
A common citation format is "Vermont Statutes Online § 2505" (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 § 2505 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.