VT S0083

Credit reporting agencies are prohibited from reporting or maintaining any medical debt information in consumer files

Interest on medical debt is capped at the one-year Treasury yield rate, with a floor of 1.5% and ceiling of 4% annually; patients receiving financial assistance under state law cannot be charged any interest or late fees

Courts are prohibited from ordering property attachment, wage garnishment, or trustee process to collect medical debt

Large health care facilities (hospitals, hospital-affiliated outpatient clinics, ambulatory surgical centers) and medical debt collectors are prohibited from reporting medical debt to credit reporting agencies

Effective date is July 1, 2025, with interest rate limitations applying only to new medical debt incurred on or after that date