Search Rules

Deadline For Public Comment

Deadline: Apr 07, 2014

The deadline for public comment has expired. Contact the agency or primary contact person listed below for assistance.

Rule Details

Rule Number: 14P008
Title: Pertaining to State-Chartered Credit Unions
Type: Standard
Status: Adopted
Agency: Department of Financial Regulation
Legal Authority: 8 V.S.A. ยงยง 30203, 30401.
Summary: This revision to Regulation B-06-01 removes the record retention section from the "Pertaining to State-Chartered Credit Unions" regulation. Simultaneous with this revision to Regulation B-06-01, the Department of Financial Regulation ("Department") is promulgating a regulation (Regulation B-2014-01) that updates the record retention requirements for financial institutions, credit unions, independent trust companies, and other persons licensed by the Banking Division of the Department. The Department needs to delete the record retention section from Regulation B-06-01 to avoid any conflict between Regulation B-06-01 and the updated record retention regulation.
Persons Affected: Credit Unions and the Department of Financial Regulation
Economic Impact: The Department anticipates a minimal economic impact. Credit Unions are already required to maintain and retain records used in the conduct of their business. There may be some minimal costs as Credit Unions review their record retention policies and procedures and adjust their retention periods in accordance with the updated record retention regulation (Regulation B-2014-01).
Posting date: Feb 19,2014

Hearing Information

Information for Hearing # 1
Hearing date:
03-28-2014 10:00 AM   
Location: Department of Financial Regulation
Address: 89 Main Street
City: Montpelier
State: VT
Zip: 05620-3101
Hearing Notes:

Contact Information

Information for Contact # 1
Level: Primary    
Name: Sue S. Clark    
Agency: Department of Financial Regulation    
Address: 89 Main Street    
City: Montpelier    
State: VT    
Zip: 05620    
Telephone: 802-828-3307    
Fax: 802-828-1477    
Email: 
sue.clark@state.vt.us
     
 
   
Website Address:  http://www.dfr.vermont.gov/proposed-rules-and-regulations
     
 
   
Information for Contact # 2
Level: Secondary    
Name: Steven Knudson    
Agency: Department of Financial Regulation    
Address: 89 Main Street    
City: Montpelier    
State: VT    
Zip: 05620    
Telephone: 802-828-3307    
Fax: 802-828-1477    
Email: 
steven.knudson@state.vt.us
     
 
   
       

Keyword Information

Keywords:

Records
Record Retention
Credit Unions
A Vermont Government Website   Copyright 2015 State of Vermont