The bill S.183 amends the existing law regarding home improvement and land improvement fraud in Vermont. It introduces new definitions for "home improvement" and "land improvement," clarifying the scope of activities covered under these terms. The bill specifies that a person commits fraud if they knowingly enter into contracts or change orders for home or land improvements valued at $1,000 or more, and subsequently fail to perform the agreed work, misrepresent material facts, or engage in unfair practices. Additionally, it establishes penalties for violations, including imprisonment and fines, which vary based on the severity of the fraud and the amount of loss incurred by consumers.

Furthermore, the bill mandates that individuals convicted of such fraud must notify the Office of the Attorney General, which will maintain a registry of offenders. It also outlines conditions under which convicted individuals may engage in home improvement activities again, including the requirement to file a surety bond or an irrevocable letter of credit. The act is set to take effect on July 1, 2026.

Statutes affected:
As Introduced: 13-2029
As Passed By the Senate -- Official: 13-2029
As Passed By the Senate -- Unofficial: 13-2029