State Codes and Statutes
Statutes > Vermont > Title-08 > Chapter-73 > 2224
§ 2224. Annual report; mortgage call reports
(a) Annually, on or before April 1, each licensed lender, mortgage broker, and sales finance company shall file a report with the commissioner giving such relevant information as the commissioner reasonably may require concerning the business and operations during the preceding calendar year of each licensed place of business conducted by such licensee within the state. Such report shall be made under oath and shall be in the form prescribed by the commissioner, who shall make and publish annually an analysis and recapitulation of such reports.
(b) Annually, within 90 days of the end of its fiscal year, each licensed lender, mortgage broker, and sales finance company shall file financial statements with the commissioner in a form and substance satisfactory to the commissioner, which financial statements must include a balance sheet and income statement.
(c) Each licensed lender, mortgage broker, and mortgage loan originator shall submit to the Nationwide Mortgage Licensing System and Registry reports of condition, which shall be in such form and shall contain such information as the Nationwide Mortgage Licensing System and Registry may require. (Added 1995, No. 162 (Adj. Sess.), § 25, eff. Jan. 1, 1997; amended 1999, No. 153 (Adj. Sess.), § 17, eff. Jan. 1, 2001; 2003, No. 105 (Adj. Sess.), § 10; 2009, No. 29, § 1.)
