ATTENTION: Two new fields have been added to the filing to assist in contacting and determining those mortgagors eligible for mediation under Act 132, An Act Relating to Mediation in Foreclosure Proceedings.
1) Provide the mortgagors telephone number, if known.
2) Answer the question, "Does the loan qualify for the Home Affordable Modification Program (HAMP)?"
A SUGGESTION: You may find it useful to read the following material in the order presented. It will be easier to understand some concepts referred to in later sections. (Currency of information: The Tax Questions portion of this publication was updated June 2004. All other material, written in January 2001, is presently under review and expected to be updated soon.)
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This rule governs the treatment of nonpublic personal information about consumers by financial institutions. This rule: (1) Requires a financial institution to provide notice to individuals about its privacy policies and practices; (2) Describes the conditions under which a financial institution may disclose nonpublic personal information about consumers to non-affiliated third parties; (3) Requires financial institutions to obtain consumer consent prior to disclosing that information, subject to the exceptions in this regulation and 8 V.S.A. § 10204 and subject to the federal Fair Credit
Reporting Act and the Vermont Fair Credit Reporting Act; and (4) Provides an exemption for information about business customers.
This Regulation establishes procedures for the conversion of a federal credit union to a Vermont state chartered credit union. Compliance with these regulations is in addition to any other state or federal laws and regulations that may be applicable to the proposed transaction, including state corporate laws and state and federal securities laws.