Vermont Statutes Title 9 Sec. 2480g
Terms Used In Vermont Statutes Title 9 Sec. 2480g
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. Source: OCC
- Credit report: means any written, oral, or other communication of any information by a credit reporting agency bearing on a consumer's credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living, including an investigative credit report. See
- services: shall include any objects, wares, goods, commodities, work, labor, intangibles, courses of instruction or training, securities, bonds, debentures, stocks, real estate, or other property or services of any kind. 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
§ 2480g. Exemptions
(a) The provisions of this subchapter shall not apply to education loans made, guaranteed, or serviced by the Vermont Student Assistance Corporation pursuant to 16 Vt. Stat. Ann. chapter 87.
(b) The provisions of section 2480e of this title shall not apply to the Office of Child Support services when investigating a child support case pursuant to Title IV-D of the Social Security Act and 33 V.S.A. § 4102.
(c) The provisions of section 2480e of this title shall not apply to credit transactions entered into prior to January 1, 1993.
(d) The provisions of section 2480e of this title shall not apply to the Department of Taxes, its agents, or assigns:
(1) where the Department has reason to believe that the taxpayer is liable for delinquent taxes, and the Department is seeking the taxpayer’s credit report in furtherance of the investigation or collection of such delinquent taxes; or
(2) where the Department is seeking the taxpayer’s credit report in furtherance of the collection of a debt owed by the taxpayer to the State of Vermont. (Added 1991, No. 246 (Adj. Sess.), § 1; amended 1997, No. 50, § 1, eff. June 26, 1997.)