Source: https://delcode.delaware.gov/title6/c024/index.shtml
Timestamp: 2019-08-25 01:50:25
Document Index: 604128634

Matched Legal Cases: ['§\u2002603', '§\u20021681', '§\u20021', '§\u20021701', '§\u2002501', '§\u2002501', '§\u20021', '§\u20024', '§\u20022404', '§\u20022404', '§\u20022404', '§\u20022404', '§\u20022403', '§\u20022409', '§\u20022405', '§\u20022404', '§\u20021681', '§\u20021681', '§\u20021', '§\u20021', '§\u20022517', '§\u20022511', '§\u20022531', '§\u20022403', '§\u20022513', '§\u20022409', '§\u20022410', '§\u20022402']

(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.
68 Del. Laws, c. 180, § 1.;
(3) Providing advice or assistance to a buyer with regard to paragraph (a)(1) or (2) of this section.
(1) A person authorized to make loans or extensions of credit under the laws of this State or the United States who is subject to regulation and supervision by this State or the United States, or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act (12 U.S.C. § 1701 et seq.);
(5) A nonprofit organization exempt from taxation under § 501(c)(3) of the Internal Revenue Code of 1986 [26 U.S.C. § 501(c)(3)];
(7) A person licensed to practice law in this State acting within the course and scope of the person’s practice as an attorney;
68 Del. Laws, c. 180, § 1; 75 Del. Laws, c. 430, § 4.;
(1) Charge a buyer or receive from a buyer money or other valuable consideration before completing performance of all services the credit services organization has agreed to perform for the buyer, unless the credit services organization has obtained in accordance with § 2404 of this title a surety bond in the amount required by § 2404(e) of this title issued by a surety company authorized to do business in this State or established and maintained a surety account at a federally insured bank or savings and loan association located in this State in which the amount required by § 2404(e) of this title is held in trust as required by § 2404(c) of this title;
a. Guaranteeing to “erase bad credit” or words to that effect unless the representation clearly discloses that this can be done only if the credit history is inaccurate or obsolete; and
b. Guaranteeing an extension of credit regardless of the person’s previous credit problem or credit history unless the representation clearly discloses the eligibility requirements for obtaining an extension of credit;
(5) Make or advise a buyer to make a statement with respect to a buyer’s creditworthiness, credit standing or credit capacity that is false or misleading, or that should be known by the exercise of reasonable care to be false or misleading, to a consumer reporting agency or to a person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit;
(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.
(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.
(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.
(3) The name and address of the credit services organization’s agent in the State authorized to receive service of process.
(2) A statement explaining the buyer’s right to proceed against the bond or surety account required by § 2404 of this title;
(4) A complete and accurate statement of the buyer’s right to review any file on the buyer maintained by a consumer reporting agency, as provided by the Fair Credit Reporting Act (15 U.S.C. § 1681 et seq.);
(5) A statement that the buyer’s file is available for review from the consumer reporting agency at no charge, under certain circumstances, if requested by the consumer within 30 days of receiving notice of a denial of credit and as provided in the Federal Fair Credit Reporting Act (15 U.S.C. § 1681j);
(1) A statement in type that is boldfaced, capitalized, underlined or otherwise set out from surrounding written materials so as to be conspicuous, in immediate proximity to the space reserved for the signature of the buyer, as follows: “You, the buyer, may cancel this contract at any time before midnight of the 3rd day after the date of the transaction. See the attached notice of cancellation form for an explanation of this right.”;
(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.
68 Del. Laws, c. 180, § 1; 77 Del. Laws, c. 310, § 1.;
(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.
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.
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.