Industry Information

Banking

Summary of National Foreclosure Suspension and Forbearance Programs

The Summary of National Foreclosure Freezes and Forbearance Programs covers consumer assistance for a range of loan types and national-level holds on foreclosures and evictions. This information is also included on the Conference of State Bank Supervisors (CSBS) COVID-19 webpage: www.csbs.org/information-covid-19-coronavirus.

Mortgage Loan Originators - Temporarily Working from Home or a Company Designated Location Due to COVID-19

March 13, 2020

On March 11, 2020 COVID-19 was declared a global pandemic by the World Health Organization and there has been intense concern regarding the spread of the COVID-19. This Memorandum sets forth the department’s position regarding Vermont licensed mortgage loan originators who temporarily work from home or a company designated location during the COVID-19 pandemic.

Captive Insurance

Captive Board Meetings

DFR recognizes that many organizations have company-wide travel restrictions already in place.  We hope that such restrictions will be lifted soon, but are aware that larger board meetings take months of planning and require that arrangements be made well in advance of the meeting date, and many board members have packed calendars of their own.  It may not be possible to reschedule some meetings that were planned for this Spring and Summer.   If circumstances dictate that you are unable to hold a board meeting in Vermont in 2020, just send a letter to DFR.CaptiveMail@vermont.gov  to request a waiver.

Securities

Deadline Extension for Firms to File Annual Form ADV Amendment

Due to circumstances that a Vermont state-registered investment advisor may be experiencing related to the current or potential effects of COVID-19, the Department of Financial Regulation has extended the deadline for firms to file their annual Form ADV amendment to April 30, 2020. Please do not hesitate to contact the Securities Division if you have any questions.

DFR Reminds Investors to Avoid Making Impulsive Decisions in a Volatile Financial Market

In light of the ongoing developments related to the current COVID-19 outbreak, and its impact on financial markets, the Department of Financial Regulation is reminding investors in Vermont to have patience and use caution.

Contact Information

Department of Financial Regulation
Consumer Services 
89 Main Street, Montpelier, VT 05620 - 3101

802-828-3301
833-DFR-HOTLINE (toll free)
833-337-4685 (toll free)

Public Information
For public records, media inquiries, and press releases visit our Public Information web page

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Employee Information