Vermont Structured Settlement Legislation

YOUR STRUCTURED SETTLEMENT: UNDERSTAND LEGISLATION IN VERMONT

Many of those who hold a structured settlement or similar asset want to get money out quickly in order to pay off debt, or to arrange for a large purchase like tuition or real estate. It is possible for a structured settlement holder to sell a structured settlement, but there are also some important issues that you should know about if you are thinking of selling your structured settlement. Some of these have to do with the specific rules set up in your state to regulate the buying and selling of structured settlements.

A structured settlement is intended to pay out money in regular, scheduled payments in order to help a structured settlement holder meet their usual expenses. Changing this agreement by selling a structured settlement results in a big up-front lump sum for the structured settlement holder, but if it’s not done properly, the deal might not work.

STATES AND STRUCTURED SETTLEMENT SALES: NEW RULES IN VERMONT

State lawmakers understand that it’s important to make sure consumers are protected when selling structured settlements to ensure they receive fair terms that are properly disclosed. They also want to make sure that structured settlement sales are in the “best interest” of the seller as most structured settlements are set up for a reason, to help claimants with long term financial survival.

One good example is the state of Vermont, where a forward-thinking legislature is often considered a front-runner in various kinds of financial and insurance reform. A new law approved in Vermont this year puts tighter restrictions on how structured settlement sales can occur, requiring financial companies to provide the structured settlement holder with certain documentation, and generally protecting consumers completing structured settlement sales.

The Vermont law simply codifies a major sentiment in the legal world, where structured settlement sales in any state must meet certain criteria and be approved by a judge. That means that, for the average structured settlement holder, having the right buyer is critical for the success of a structured settlement sale plan.

SELLING YOUR STRUCTURED SETTLEMENT WITH CBC

Structured settlement holders should do research and get the best kinds of assistance in selling a structured settlement. At CBC, we will provide you with clear information, keep you informed and find you the best options for a structured settlement sale. We have the experience and the attention to detail that has helped our clients get timely, well-set-up structured settlement sale lump sums. Let us help you get cash out of one of these valuable assets.

Call Now: 877-386-3377

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