Vermont § 2759 - Contract with debtor
Full text of Vermont Vermont Statutes Online § 2759 — Contract with debtor, with citation guidance and answers to common questions.
§ 2759. Contract with debtor
- (a) Prior to taking any fee or receiving any compensation, either directly or indirectly,
or payment of any sum of money by the debtor, each licensee shall make a written contract
between the licensee and the debtor, which contract shall be in such form and shall
contain such conditions as the Commissioner shall have approved in writing prior to
the use of such contract, and the licensee shall immediately furnish the debtor with
a true copy of the contract. (b) In addition to such other items as the Commissioner may require, the contract shall: (1) fully disclose all services to be provided; (2) fully disclose all fees to be charged to the debtor; (3) disclose that debt adjustment plans are not suitable for all debtors; (4) if applicable, disclose that creditors may compensate the licensee; (5) if applicable, disclose that secured debt is not covered by the contract; and (6) disclose a list of debts covered by the contract and the interest rate of those debts
at the time. (Added 1969, No. 204 (Adj. Sess.), eff. March 23, 1970; amended 2003, No. 81 (Adj. Sess.), § 1; 2009, No. 137 (Adj. Sess.), § 3.)
Frequently Asked Questions About Vermont § 2759
What does Vermont Statutes Online § 2759 cover?
Section 2759 ("Contract with debtor") 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 § 2759?
A common citation format is "Vermont Statutes Online § 2759" (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 § 2759 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.