Bill > S0183

This bill amends existing law to redefine home improvement and land improvement fraud by requiring that a person *knowingly* intends to defraud a client with whom they have entered into a contract or agreement for home or land improvement, specifically by making promises of performance that the person does not intend to perform or knows will not be performed. Previously, the law focused on failing to perform and then failing to refund, make a completion plan, or make payment upon request. The bill also clarifies penalties and introduces new requirements for individuals convicted of such fraud, including notification to the Office of the Attorney General, potential placement on a fraud registry, and, in certain cases, the requirement to file a substantial surety bond or irrevocable letter of credit of at least $250,000 to continue engaging in home or land improvement activities. Additionally, convicted individuals are prohibited from receiving state grants or contracting with the state for up to three years. The bill will take effect on July 1, 2026.

Justice

https://legislature.vermont.gov/bill/status/2026/S.183