Vermont S0083 prohibits credit reporting agencies from reporting medical debt and limits interest on medical debt.

Vermont S0083 aims to protect consumers from the negative impacts of medical debt by prohibiting credit reporting agencies from reporting or maintaining information in a consumer's file relating to a medical debt. The bill also limits the amount of interest that can be charged on medical debt to the rate of interest equal to the weekly average one-year constant maturity Treasury yield, but not less than 1.5 percent per annum nor more than four percent per annum.

Vermont S0083 prohibits credit reporting agencies from reporting medical debt and limits interest on medical debt.

Vermont S0083 aims to protect consumers from the negative impacts of medical debt by prohibiting credit reporting agencies from reporting or maintaining information in a consumer's file relating to a medical debt. The bill also limits the amount of interest that can be charged on medical debt to the rate of interest equal to the weekly average one-year constant maturity Treasury yield, but not less than 1.5 percent per annum nor more than four percent per annum.