ACT NO. 134
Consumer fraud; telemarketing
This act strengthens existing consumer fraud laws that protect consumers against unauthorized electronic funds transfer made by a telemarketer. The act expands the definition of a consumers express oral authorization, and increases from two to four years the period telemarketers must retain a consumers recorded or written authorization for a transaction.
The act also adds two exemptions from who is considered a telemarketer; namely, any person who initiates telephone calls to, or who receives telephone calls from, a consumer in connection with the collection of amounts due for goods or services previously provided to the consumer, and any company registered with, and regulated by, the public service board.
Finally, the act makes it an unfair and deceptive act and practice in commerce for any party to fail to obtain proof of a consumers authorization as required, or to dispose of any records related to consumer transactions until at least four years after the records were created.
Effective Date: July 1, 2008.
The Vermont General Assembly
115 State Street