Vermont Statutes Title 8 Sec. 4255
Terms Used In Vermont Statutes Title 8 Sec. 4255
- Commissioner: means the Commissioner of Financial Regulation. See
- Contract: A legal written agreement that becomes binding when signed.
- Provider: means a person who issues, makes, or provides a service contract, and who is contractually obligated to provide service under a service contract and is not the manufacturer. See
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
- Service contract: means any contract or agreement to perform or indemnify for a specific duration the repair, replacement, or maintenance of property for operational or structural failure due to a defect in materials, workmanship, or normal wear and tear, with or without additional provisions for incidental payment of indemnity under limited circumstances, including towing, rental, and emergency road service. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 4255. Penalties; enforcement
(a) The Commissioner, after proper notice and opportunity for hearing in accordance with this State‘s Administrative Procedure Act, may take action to enforce the provisions of this subchapter and may:
(1) revoke or suspend the registration of the service contract provider;
(2) order the provider to cease and desist from further service contract operations;
(3) impose a penalty of not more than $1,000.00 for each violation or $10,000.00 for each violation the Commissioner finds to be willful; and
(4) order the provider to make restitution to contract holders.
(b) Failure to comply with section 4251 or 4253 of this title shall constitute an unfair or deceptive act in commerce enforceable under 9 V.S.A. § 2461(b). (Added 1997, No. 109 (Adj. Sess.), § 2, eff. Sept. 1, 1998.)