Unauthorized activities A person shall not engage in the business of money transmission on behalf of a person not licensed under subchapter 2 of this chapter or not exempt pursuant to subchapter 1 of this chapter. A person that engages in such activity provides money transmission to the same extent as if the person were a licensee and shall be jointly and severally liable with the unlicensed or nonexempt person. (Added 2023, No. 110 (Adj. Sess.), § 42, eff. July 1, 2024.)
Vermont Legal Code