§ 2500.
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/vt/title-8/chapter-79/2500A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 2500. Purpose
It is the intent of the General Assembly that the provisions of this chapter accomplish the following:
(1)ensure the State can coordinate with other states in all areas of regulation, licensing, and supervision to eliminate unnecessary regulatory burden and more effectively use regulator resources;
(2)protect the public from financial crime;
(3)standardize the types of activities that are subject to licensing or otherwise exempt from licensing; and
(4)modernize safety and soundness requirements to ensure customer funds are protected in an environment that supports innovative and competitive business practices. (Added 2023, No. 110 (Adj. Sess.), § 39, eff. July 1, 2024.)