Vermont § 2528 - Private actions against authorized delegates

§ 2528. Private actions against authorized delegates

• (a) Distinct from the Commissioner’s authority over licensees and authorized delegates,
  any court in this State with jurisdiction over a private civil action brought by a
  licensee against an authorized delegate shall have the ability to grant appropriate
  equitable or legal relief, including prohibiting the authorized delegate from directly
  or indirectly acting as an authorized delegate for any licensee in this State and
  the payment of restitution, damages, or other monetary relief, if the court finds
  that an authorized delegate failed to remit money in accordance with the written contract
  required by subsection 2525(b) of this chapter or as otherwise directed by the licensee
  or required by law. (b) If the court issues an order prohibiting a person from acting as an authorized delegate
  for any licensee pursuant to subsection (a) of this section, the licensee that brought
  the action shall report the order to the Commissioner within 30 days and shall report
  the order through NMLS within 90 days. (Added 2023, No. 110 (Adj. Sess.), § 42, eff. July 1, 2024.)