Vermont Financial Privacy Act
VT Financial Privacy
Financial
Vermont's financial privacy law generally bars financial institutions from disclosing a customer's financial information to anyone, subject to a list of exceptions such as customer authorization, legal process and routine business exchanges. It also regulates loan lead solicitations that use a financial institution's name or a consumer's loan details.
- Where
- Vermont
- Citation
- 8 V.S.A. §§ 10201-10206
- Status
- In force
- In force since
- 2001-01-01
- Last amended
- 2022-07-01
- Enforced by
- Commissioner of Financial Regulation
- People can sue
- No
- Penalties
- In addition to general enforcement powers under 8 V.S.A. §§ 11601-11603, the Commissioner may impose administrative penalties of up to $1,000 per violation resulting from willful conduct or from failing to maintain compliance procedures (§ 10205).
- Applies to
- Financial institutions (banks, credit unions, financial institution subsidiaries, licensed lenders and other listed licensees), their officers, employees, agents and directors
- Persons sending loan lead solicitations to Vermont consumers (§ 10206)
What a privacy notice must say
- Solicitations that include a consumer's loan number, amount or other specific loan information must state that the sender is not affiliated with or authorized by the lender, among other disclosures.8 V.S.A. § 10206(c)
Practices it requires
- Do not disclose any customer financial information to any person except as the subchapter expressly allows.8 V.S.A. § 10203
- Customer-authorized disclosures must be limited to the scope and purpose the customer authorizes.8 V.S.A. § 10204(2)
Security duties
- Adopt reasonable procedures to ensure compliance with the financial privacy subchapter.8 V.S.A. § 10203
Sources
Checked against these sources on 2026-09-25 by research agent (Claude), primary sources.
Unverified: The Department of Financial Regulation's insurance privacy regulation (Regulation IH-2001-01, privacy of consumer financial and health information) was not reviewed.
Research reference, not legal advice.