§ 2122. Use of other names or business places
(a) A licensee shall not conduct business or make a loan subject to regulation under this part under any other name or at any other place of business than as specified in its license.
(b) Mortgage loan originators and employees of licensees may work remotely through a licensed location without being physically present at such location, provided the mortgage loan originator or employee is assigned to a licensed location, is adequately supervised by the licensee, and the licensee and the mortgage loan originator or employee meet such additional conditions as the Commissioner may require.
(c) This section does not apply to a commercial loan made to a borrower located outside Vermont for use outside Vermont. (Added 2019, No. 20, § 2; amended 2021, No. 25, § 7, eff. May 12, 2021.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 72 - General Provisions
§ 2100. Application of chapter
§ 2102. Application for license
§ 2103. Approval of application and issuance of license
§ 2104. Request for reconsideration; review of denial of application
§ 2105. Contents of license; nontransferable
§ 2106. Additional place of business; change of place of business
§ 2108. Notification of material change
§ 2109. Annual renewal of license
§ 2110. Revocation, suspension, termination, or nonrenewal of license; cease and desist orders
§ 2111. Revocation, suspension, termination, or nonrenewal where more than one place of business
§ 2112. Surrender of license; no effect on liability; reinstatement
§ 2116. Administrative procedure
§ 2117. Examinations and investigations; examination fees
§ 2119. Records required of licensee
§ 2120. Annual report; call reports
§ 2122. Use of other names or business places
§ 2124. Nationwide Multistate Licensing System and Registry
§ 2125. Report to Nationwide Multistate Licensing System and Registry