Vermont Short Term Loans State Info Board and Registry (Jobs - Other Jobs)

Item ID 132581112 in Category: Jobs - Other Jobs

Vermont Short Term Loans State Info Board and Registry


Address
89 Main Street
Montpelier, VT 05620

Description
In the state of Vermont, payday loans, often referred to as short-term, high-interest loans, are illegal under the Small Loan Act.
This regulation, enacted by the Vermont Legislature, prohibits lenders from offering payday loans with exorbitant interest rates and predatory terms. As a result, Vermont residents are spared from the burden of exorbitant fees and interest rates that can trap borrowers in debt. According to the Vermont Department of Financial Regulation, there were zero licensed payday lenders in the state as of the latest data available.


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Last Update : Jun 14, 2023 10:10 PM
Number of Views: 57
Item  Owner  : N/A
Contact Email:
Contact Phone: 802-828-2470

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2024-04-28 (0.448 sec)