The Vermont Commissioner of Taxes recently issued a memo regarding the average prime loan rate charged by banks for 2020. The declared rate is the basis for determining whether a loan is a high-rate/high-point loan under Vermont law. For 2020, the declared rate is 5.5%. This is effective on January 1, 2020, and applies to interest that accrues in the 2020 calendar year.
The memo establishing the declared rate for 2020 is available here.