§ 2904. Suspension, revocation or surrender of license.
§ 2904. Suspension, revocation or surrender of license. (a) The Commissioner may revoke any license issued hereunder upon finding that: (1) The licensee has violated any provision of this chapter or any rule or regulation made by the Commissioner under and within the authority of this chapter or of any other law, rule or regulation […]
§ 3205. Qualifications.
§ 3205. Qualifications. To qualify for a license hereunder an applicant shall meet the following requirements: (1) The applicant shall have a net worth of at least $50,000, computed according to generally accepted accounting principles. (2) The financial responsibility, financial condition, and business experience, and character and general fitness of the applicant shall be such […]
§ 2905. Filing of complaints.
§ 2905. Filing of complaints. Any retail buyer having reason to believe that this chapter relating to the retail buyer’s retail installment contract has been violated, may file with the Commissioner a written complaint setting forth the details of such alleged violation and the Commissioner, upon receipt of such complaint, may inspect the pertinent books, […]
§ 2906. Powers of Commissioner.
§ 2906. Powers of Commissioner. (a) For the purpose of administering this chapter, determining whether any business contemplated by this chapter is being operated in accordance with the provisions thereof or making investigation of any complaint or alleged violation, the Commissioner and the Commissioner’s duly authorized representatives shall have power to investigate, at any time, […]
§ 2907. Requirements and prohibitions as to retail installment contracts.
§ 2907. Requirements and prohibitions as to retail installment contracts. (a) A retail installment contract shall be in writing, shall be signed by both the buyer and the seller and shall be completed as to all essential provisions prior to the signing of the contract by the buyer. (b) The printed portion of the contract, […]
§ 2908. Finance charge.
§ 2908. Finance charge. (a) A retail seller or the holder of a retail installment contract may charge and collect a finance charge in respect of a retail installment transaction and may calculate such finance charge in the manner and at the rate or rates specified in the contract governing the retail installment transaction. (b) […]
§ 2909. Prepayment.
§ 2909. Prepayment. (a) A buyer may prepay the debt due under a retail installment contract in full at any time. (b) If the finance charge imposed pursuant to § 2908 of this title in respect of a retail installment transaction has been precomputed and taken in advance, then, in the event of prepayment of […]
§ 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;