§ 2310. Licenses required. (a) No person shall carry on the business of a pawnbroker, secondhand dealer or scrap metal processor without first having taken out a license and duly qualified as provided in this chapter. (b) All licenses granted by the State Police to such persons, citizens of this State and companies existing under […]
§ 2311. Qualifications. An applicant applying for a pawnbroker, secondhand dealer or scrap metal processor license must meet and maintain the following qualifications: (1) Must be at least 18 years of age. (2) Must submit a current valid Delaware business license issued by the Delaware Division of Revenue, (3) Must notify the Section, within 10 […]
§ 2312. Records. (a) The Section shall keep a register of all applications for pawnbrokers, secondhand dealers and scrap metal processors and complete records, changes and additions to rules and regulations, hearings and such other matters as the Secretary shall determine. Such records shall constitute prima facie evidence of the proceedings of the Secretary. (b) […]
§ 2313. License fees. (a) Every person receiving a license for conducting the business of pawnbroker shall pay the Division $50 to go to the State’s General Fund. (b) Every person receiving a license for conducting the business of secondhand dealer shall pay the Division $50 to go to the State’s General Fund. (c) Every […]
§ 2314. Disciplinary proceedings; appeal. (a) Grounds. — Subject to the provisions of this chapter, the Director, pursuant to the authority of the Secretary may impose any of the following sanctions (subsection (b) of this section) singly or in combination when it finds a licensee is guilty of any offense described herein: (1) Conducting a […]
§ 2315. Pawnbroker’s insurance. Every person applying for a license to conduct the business of a pawnbroker shall first effect an insurance policy against fire for $50,000 for the protection of goods, pawned or pledged. 24 Del. Laws, c. 162, § 4; Code 1915, § 1199; Code 1935, § 1385; 24 Del. C. 1953, § […]
§ 2316. Rate of interest. No person conducting the business of a pawnbroker shall ask, demand or receive a greater rate of interest than 30 percent per month on any loans secured by pledge of personal property. 24 Del. Laws, c. 162, § 8; Code 1915, § 1203; 30 Del. Laws, c. 83, § 1; […]
§ 2317. Unlicensed pawnbrokers, secondhand dealers or scrap metal processors. (a) Any pawnbroker, second hand dealer, or scrap metal processor operating without the required license may be issued a cease and desist order by the Division and will not be permitted to operate without first obtaining such license. (b) Whenever, in the judgment of the […]
