Ask Reggi Your Question Now
Can you summarize 8 VTST Chapter 220?
Banking and Insurance > Supervision and Regulation
Short Summary
The provided legal document content pertains to the supervision and regulation of credit unions in Vermont. It applies to entities such as credit unions, financial institutions, and credit union service organizations operating in the state of Vermont. The document defines various terms related to banking and insurance supervision and regulation. It also outlines the authority of the Commissioner of Financial Regulation to adopt rules for the proper conduct of credit unions and the supervision of state-chartered credit unions in Vermont. The document covers topics such as office hours and operations, preservation of records, submission of financial reports, examinations, cooperative agreements, confidentiality of investigation and examination reports, enforcement and penalties, application process, and taxation. Specific exemptions or penalties for non-compliance or violations are not mentioned in the document.
Whom does it apply to?
Credit unions, financial institutions, credit union service organizations operating in Vermont
What does it govern?
Supervision and regulation of credit unions in Vermont
What are exemptions?
Credit unions with less than $30 million in assets are exempt from being charged more than $100.00 per service for certain described services
What are the Penalties?
Specific penalties for non-compliance or violations are not mentioned in the document
Jurisdiction
Vermont