Vermont Statutes Annotated

Vt. Stat. Ann. tit. 08, § 2238 (2026)

✓ current as of May 2026

Find cases: SyfertCases citing this section VT-LEGlegislature.vermont.gov JustiaTitle on Justia CornellLII Search CasesGoogle Scholar

(Cite as: 8 V.S.A. § 2238)

§ 2238. Out-of-state commercial loans

A commercial loan made to a borrower located outside Vermont for use outside Vermont shall be deemed to be made outside the State of Vermont and shall not be subject to this chapter except upon written agreement of the licensee and borrower. (Added 1987, No. 142 (Adj. Sess.), § 4; amended 1989, No. 244 (Adj. Sess.), § 10; 2009, No. 29, § 1.)

Notes of Decisions

Cited in 2 cases, 1994–2009 · leading case: Ag Venture Fin. Servs., Inc. v. Montagne (In Re Montagne), 421 B.R. 65 (Bankr. D. Vt. 2009).

Sort: Relevance Newest Treatment

Ag Venture Fin. Servs., Inc. v. Montagne (In Re Montagne), 421 B.R. 65 (Bankr. D. Vt. 2009). “The pertinent licensed lender provision is 8 V.S.A. § 2238, entitled “Effect,” which provides, in part: No person who is required to be licensed under this chapter, shall directly or indirectly charge, contract for, or receive any interest, discount, consideration or charge…”

Hearn v. Mark H. Wentworth Home for Chronic Invalids (In re Hearn), 174 B.R. 679 (Bankr. D. Vt. 1994). “Hearn also argues that, even if the loan was commercial in nature, the principal of the loan cannot be collected because the Amendment to 8 V.S.A. § 2238 cannot be applied retroactively.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.