S T A T E  O F  V E R M O N T
Department of Banking, Insurance, Securities
& Health Care Administration (BISHCA)
89 Main St.  Montpelier, VT 05620-3101    Main Phone:  802-828-3301 
Paulette J. Thabault, Commissioner

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Banking Division Bulletins and Orders

These on-line texts were created for the use and convenience of the public, and should not be viewed or relied upon as legal documents. While we do our best to ensure accuracy, we cannot guarantee that the material is free of either human or electronic error. Should you require official copies of any regulations, please contact the Department.

For on-line text of Vermont State Statutes: Go to the Vermont Legislative Site.  While BISHCA related statutes are not all grouped together, the majority may be found as follows: Banking and Insurance: Title 8; Securities Title 9; Chapter 131; Health Care Administration: Title 18, Chapter 221.  Questions: e-mail bankdiv@bishca.state.vt.us

Orders follow Bulletins below.  Skip to Beginning of Orders

BULLETINS:

B-4 Negotiable Order of Withdrawal "NOW" Accounts  (April 22, 1976)

B-5 Loans and Investments Not Otherwise Qualifying or Permitted (June 5, 1978

B-7 Loans vs. Commitments  (August 17, 1979)

B-9 Service Charges on Dormant Accounts  (May 12, 1981)

B-10 Adjustable Rate Loans Secured by Subordinate Liens on R/E of Two Units or Less--Owner-Occupied  (May 23, 1984)

B-11 Permitted Charges on Subordinate Lien Mortgage (July 18, 1984)

B-12 Permitted Interest Rates on Loans -- Credit Unions (July 10, 1984)

B-13 Internal Revenue Service Form 990 -- Credit Unions (Oct. 1, 1986)

B-14 Risk Assets -- Credit Union (Aug. 7, 1989)

B-15 Use of "Bank," "Banking Association," or "Trust Company" by Financial Services Institutions  (Nov. 2, 1990)

B-17 (With B-17 revised) Home Loan Escrow Accounts (April 24, 1991 with Revised July 7, 1994)

B-18 Sale of Annuities  (Sept. 7, 1995)

B-19 Permitted Charges on Mortgages  (July 23, 1997)

B-20 New Charges and Assessment Formula  (August 14, 1997)

B-21 ATM Disclosure Notification (May 27, 1998)

B-22 New Minimum Assessment and Loan Production Assessment
(Feb. 15, 2001)

B-23 Civil Unions  (June 4, 2001)

B-24 Funded Settlements  (June 6, 2001)

B-25 Documentation Fees (October 21, 2001)

B-26 Mortgage Issues  (Oct. 30, 2003)

B-27 Mobile Home Retail Installment Contract Disclosure (June 30, 2004)

B-28 Vermont Disclosure Relating To Amount To Be Financed In A Motor Vehicle Retail Installment Contract As Required By 8 V.S.A. Section 2355(f)(1)(J) and Relating To Department of Motor Vehicles Dealer’s Vehicle Record Log Sheet (June 26, 2006)
See ALSO:
B-28 Implementation Bulletin
Get B-28 Disclosure Form Only (MS-Word)

B-29 Guidance to Vermont Licensees on Non-traditional Mortgage Products (Nov. 27, 2006)

B-30  Notice of the Enactment of Act 41, An Act Related to Prohibiting Discrimination on the Basis of Gender Identity (July 23, 2007)

B-31 Property Insurance for Prospective Borrowers (Aug. 27, 2007)

B-32 Statement on Sub-prime Mortgage Lending (Dec. 10, 2007)

B-33 Motor Vehicle Installment Contract; DMV Warranty Fee; Federal Car Allowance Rebate System (a/k/a/ Cash for Clunkers Program)  July 27, 2009

ORDERS

Docket No. 09-084-B (July 8, 2009)
Re: effective date of deletion of nonprofit institutions of higher education exemption

Docket No. 09-097-B (July 23, 2009)
Re: effective date of deletion of licensed lender statute exemption for nonprofit 501(c) organizations that conduct their lending activities through revolving loan funds. 

Docket No 09-128-B (Sept. 28, 2009)
Re: 8 V.S.A. Chapter 73 Licensed Lender Statute
(A) modification of transition deadline; (B) submission of credit reports and credit scores; and (C) the date the Department will begin accepting mortgage loan originator license applications