§ 3306. Supervision of Bidcos.
§ 3306. Supervision of Bidcos. (a) The Commissioner shall administer this chapter and shall have supervision responsibility for all Bidcos incorporated under the laws of this State, and shall secure the execution of all laws relative to Bidcos. (b) The Commissioner shall issue orders and promulgate rules and regulations that are deemed necessary or appropriate […]
§ 3210. Renewal of license; annual license fee.
§ 3210. Renewal of license; annual license fee. Every holder of a license or a renewal thereof, as provided for in this section, desiring to continue the transaction of business as provided for in this chapter, shall at least 30 days prior to the expiration of such license or renewal thereof make application to the […]
§ 2910. Deferred installments.
§ 2910. Deferred installments. A holder may at any time or from time to time permit a buyer to defer installment payments due under the terms of a retail installment contract and may, in connection with such deferral, charge and collect deferral charges and may also require payment by such buyer of the additional cost […]
§ 2911. Penalties.
§ 2911. Penalties. (a) Any person who shall wilfully and intentionally violate this chapter or engage in the business of a sales finance company in this State without a license therefor as provided in this chapter shall be fined not more than $500. (b) A wilful violation of §§ 2907, 2908 or 2909 of this […]
§ 2912. Waiver unenforceable and void.
§ 2912. Waiver unenforceable and void. Any waiver of this chapter shall be unenforceable and void. 5 Del. C. 1953, § 2911; 52 Del. Laws, c. 335, § 1; 70 Del. Laws, c. 6, § 14;
§ 2913. Disclosure requirements.
§ 2913. Disclosure requirements. Notwithstanding any other provision of this chapter to the contrary, disclosures made in the terminology of the Truth in Lending Act [15 U.S.C. § 1601 et seq.], as amended, and regulations prescribed thereunder, shall be deemed to comply with comparable, but literally inconsistent disclosure requirements of this chapter; provided, however, that […]
§ 2914. Surety bonds and irrevocable letters of credit.
§ 2914. Surety bonds and irrevocable letters of credit. (a) Surety bonds. — (1) Every licensee shall file with the Commissioner, in a form satisfactory to the Commissioner, an original corporate surety bond, with surety provided by a corporation authorized to transact business in this State, in the principal sum of $25,000. (2) No bond […]
§ 2915. Multi-state automated licensing system.
§ 2915. Multi-state automated licensing system. (a) The Commissioner is authorized to participate in any automated system involving 1 or more other states that will facilitate any aspect of the application and licensing processes of this chapter. (b) Upon joining any such system, the Commissioner may by regulation establish any of the following: (1) Any […]
§ 3201. Citation.
§ 3201. Citation. This chapter may be cited as the “Transportation of Money and Valuables Act.” 5 Del. C. 1953, § 3201; 58 Del. Laws, c. 423.;
§ 2901. Definition of terms.
§ 2901. Definition of terms. As used in this chapter, unless the context or subject matter otherwise requires: (1) “Motor vehicle” means any device propelled or drawn by any power other than muscular power, in, upon, or by which any person or property is, or may be transported or drawn upon a highway. (2) “Retail […]