Source: https://www.creditrepairtrackingpro.com/startupcoach/state-laws/delaware-credit-repair/
Timestamp: 2019-04-21 20:09:55+00:00

Document:
(1) “Buyer” means an individual who is solicited to purchase or who purchases the services of a credit service organization.
(2) “Consumer reporting agency” has the meaning assigned by § 603(f), Fair Credit Reporting Act (15 U.S.C. § 1681a(f)).
(3) “Extension of credit” means the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal, family or household purposes.
(4) “Retail seller” means a person engaged in the business of selling goods or furnishing services to a buyer.
§ 2402. Credit services organization.
(3) Providing advice or assistance to a buyer with regard to paragraph (1) or (2) of this subsection.
(11) A person licensed to practice public accounting in this State acting within the course and scope of the person’s practice as an accountant.
(6) Advertise or cause to be advertised, in any manner whatsoever, the services of a credit services organization without filing a registration statement with the Secretary of State, unless otherwise provided by this chapter.
§ 2404. Bond; surety account.
(a) This section applies to a credit services organization required by § 2403(1) of this title to obtain a surety bond or establish a surety account.
(b) If a bond is obtained, a copy of it shall be filed with the Secretary of State. If a surety account is established, a notarized or otherwise official notification of the deposit by the depository institution shall be filed with the Secretary of State. Such notification shall include, at a minimum, the name of the financial institution, name of the credit services organization, account number and verification that the account is established in accordance with the terms set forth in subsection (c) of this section.
(c) The bond or surety account required must be in favor of the State for the benefit of any person who is damaged by any violation of this chapter. The bond or surety account must also be in favor of any person damaged by such a violation.
(d) Any person claiming against the bond or surety account for a violation of this chapter may maintain an action at law against the credit services organization and against the surety or trustee. The surety or trustee shall be liable only for damages awarded under § 2409(a) of this title and not the punitive damages permitted under that section. The aggregate liability of the surety or trustee to all persons damaged by a credit services organization’s violation of this chapter may not exceed the amount of the surety account or bond.
(e) The bond or the surety account shall be in the amount of $15,000.
(f) A depository holding money in a surety account under this chapter may not convey money in the account to the credit services organization that established the account or a representative of the credit services organization unless the credit services organization or representative presents a statement issued by the Secretary of State indicating that § 2405(f) of this title has been satisfied in relation to the account. The Secretary of State may conduct investigations and require submission of information as necessary to enforce this subsection.
(2) The name and address of any person who directly or indirectly owns or controls 10 percent or more of the outstanding shares of stock in the credit services organization.
(2) A notarized statement that states that there has been no litigation or unresolved complaint filed with a governmental authority of this State relating to the operation of the credit services organization.
(3) The name and address of the credit services organization’s agent in the State authorized to receive service of process.
(c) The credit services organization shall update the statement not later than the 90th day after the date on which a change in the information required in the statement occurs.
(d) Each credit services organization registering hereunder shall maintain a copy of the registration statement in the files of the credit services organization. The credit services organization shall allow a buyer to inspect the registration statement on request.
(e) The Secretary of State may charge each credit services organization that files a registration statement with the Secretary of State a reasonable fee not to exceed $100 to cover the cost of filing. The Secretary of State may not require a credit services organization to provide information other than that provided in the registration statement.
(f) The bond or surety account shall be maintained until 2 years after the date that the credit services organization ceases operations.
(b) The credit services organization shall maintain on file, for a period of 2 years after the date the statement is provided, an exact copy of the statement, signed by the buyer, acknowledging receipt of the statement.
§ 2407. Form and terms of contract.
(4) The address of the credit services organization’s principal place of business and the name and address of its agent in the State authorized to receive service of process.
You may cancel this contract, without any penalty or obligation, within 3 days after the date the contract is signed.
than midnight (date) I hereby cancel this transaction.
(d) The breach by a credit services organization of a contract under this chapter, or of any obligation arising from a contract under this chapter, is a violation of this chapter.
(a) A credit services organization may not attempt to cause a buyer to waive a right under this chapter.
(b) A waiver by a buyer of any part of this chapter is void.
(a) A buyer injured by a violation of this chapter may bring an action for injunctive relief or recovery of damages, or both. The damages awarded may not be less than the amount paid by the buyer to the credit services organization and may include punitive damages.
(b) In a civil action under subsection (a) of this section, the court, in its discretion, may allow reasonable attorney’s fees and court costs to the prevailing buyer.
§ 2410. Enforcement by the Attorney General.
(a) The Attorney General shall have the same authority to enforce and carry out this subchapter as granted by § 2517 of Title 29 and by §§ 2511-2527 and §§ 2531-2536 of this title.
(b) Any violation of § 2403 of this title shall be deemed an unlawful practice in violation of § 2513 of this title.
§ 2411. Statute of limitations.
An action may not be brought under § 2409 or § 2410 of this title after 4 years after the date of the execution of the contract for services to which the action relates.
An offense under this chapter is a class B misdemeanor.
§ 2413. Burden of proving exemption.
In an action under this chapter the burden of proving an exemption under § 2402 of this title shall be on the person claiming the exemption.
The remedies provided by this chapter are in addition to any other remedies provided by law.

References: § 603
 § 1681

§ 2402

§ 2404
 § 2403
 § 2409
 § 2405

§ 2407

§ 2410
 § 2517
 § 2403
 § 2513

§ 2411
 § 2409
 § 2410

§ 2413
 § 2402