Bill > H0648

This bill proposes numerous amendments to Vermont's banking, insurance, and securities laws, including changes to licensing requirements for various financial services, updates to definitions related to virtual currency and money transmission, and modifications to reporting and operational rules for financial institutions and insurance companies. Specifically, it addresses the licensing of consumer litigation funding companies, clarifies rules for money transmission kiosks and virtual currency business activities, revises requirements for financial institution meetings and loan policies, and updates provisions related to mergers and acquisitions of credit unions. The bill also modifies insurance company reporting requirements, including the submission of annual and quarterly statements, and adjusts regulations concerning securities registration fees and exemptions. Additionally, it amends provisions related to financial privacy, lending discrimination, home loan escrow accounts, and the Vermont Financial Services Education and Victim Restitution Special Fund, while also establishing new provisions for the Insurance Regulatory and Supervision Fund.

Budget and Finance, Business and Industry

https://legislature.vermont.gov/bill/status/2026/H.648