reglab/housing_qa huggingface dataset:
5 DE Code § 2209. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter I. Licensing|§ 2209. Suspension, revocation or surrender of license.

§ 2209. Suspension, revocation or surrender of license. (a) The Commissioner may revoke any license issued hereunder if the Commissioner shall find 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 of this State or the United States. (2) Any fact or condition exists which, if it had existed at the time of the original application for such license, would have warranted the Commissioner in refusing originally to issue such license. (3) The licensee has engaged in business activities or practices in connection with extensions of credit to consumers, which could be deemed unfair or deceptive by nature of intent. Such activities and practices include, but are not limited to, the use of tactics which mislead the consumer, misrepresent the consumer transaction or any part thereof or otherwise create false expectations on the part of the consumer. (b) The Commissioner may temporarily suspend any license pending the issuance of a final order as provided in Chapter 101 of Title 29. (c) Except as provided in subsection (b) of this section, no license shall be revoked or suspended except after notice and an opportunity for the licensee to request a hearing in accordance with Chapter 101 of Title 29. (d) Any licensee may surrender any license by delivering to the Commissioner such license together with written notice that it thereby surrenders such license, but such surrender shall not affect such licensee's civil or criminal liability for acts committed prior to such surrender. (e) No revocation, suspension or surrender of any license shall impair or affect the obligation of any preexisting lawful contract between the licensee and any person. (f) Every license issued hereunder shall remain in force and effect until the same shall have expired or shall have been surrendered, revoked or suspended in accordance with this chapter, but the Commissioner shall have authority to reinstate a suspended license or to issue a new license to a licensee whose license shall have been revoked if no fact or condition then exists which would have warranted the Commissioner in refusing originally to issue such license under this chapter. (g) Whenever the Commissioner shall revoke or suspend a license issued pursuant to this chapter, he shall forthwith execute a written order to that effect. The Commissioner shall forthwith serve the written order upon the licensee. Any such order may be reviewed in the manner provided by Chapter 101 of Title 29. 66 Del. Laws, c. 22, §  1;  68 Del. Laws, c. 105, §  23;  68 Del. Laws, c. 303, §  37;  70 Del. Laws, c. 186, §  1;  73 Del. Laws, c. 24, §§  7, 8, 9;  77 Del. Laws, c. 126, §  3;
5 DE Code § 2210. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter I. Licensing|§ 2210. Supervision and examination of business by Commissioner.

§ 2210. Supervision and examination of business by Commissioner. (a) Every person or combination of persons licensed to transact business as provided in this chapter in the State shall be subject to the supervision and examination of the State Bank Commissioner and shall be examined by the Commissioner or his authorized representative annually or at such intervals as the Commissioner deems necessary. (b) On the occasion of every examination, the Commissioner or the Commissioner's authorized representative shall be given access to every part of the office or place of business visited and to the assets, securities, books and papers of the business. (c) The examination made by the Commissioner or the Commissioner's authorized representative shall be a thorough examination into the affairs of the business visited, the resources and liabilities, the investment of the funds, the mode of conducting the business and the compliance or noncompliance with this Code or any regulations promulgated thereunder, and any other statutes or regulations of this State or the United States; and in connection with such examination the Commissioner or the Commissioner's authorized representative may examine, under oath or affirmation, any and all persons connected with or associated with the licensee. (d) If, in the Commissioner's opinion, it is necessary for a thorough examination of a licensee, the Commissioner may retain 1 or more accountants, attorneys, appraisers or other third parties to assist the Commissioner in such examination. Within 10 days after receipt of a statement from the Commissioner, such licensee shall pay or reimburse the fees, costs and expenses of any third parties retained by the Commissioner under this subsection. (e) The Commissioner may prescribe regulations to carry out the purposes of this chapter. 66 Del. Laws, c. 22, §  1;  68 Del. Laws, c. 303, §  38;  70 Del. Laws, c. 186, §  1;  77 Del. Laws, c. 126, §  4;
5 DE Code § 2211. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter I. Licensing|§ 2211. Maintenance of books and records by licensee.

§ 2211. Maintenance of books and records by licensee. (a) Every licensee shall maintain such books, accounts and records relating to all transactions within this chapter as will enable the Commissioner to enforce full compliance with this chapter. (b) Each licensee that engages in the business of making mortgage loans, as defined by § 2403(13) of this title, shall submit to the Nationwide Mortgage Licensing System and Registry developed and maintained by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators reports of condition, which shall be in such form and shall contain such information as the Nationwide Mortgage Licensing System and Registry may require. 66 Del. Laws, c. 22, §  1;  77 Del. Laws, c. 96, §  4;
5 DE Code § 2212. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter I. Licensing|§ 2212. Retention of books and records by licensee.

§ 2212. Retention of books and records by licensee. All books, accounts and records of the licensee shall be preserved and kept available as provided in this chapter for such period of time as the Commissioner may by regulation require. 66 Del. Laws, c. 22, §  1;
5 DE Code § 2213. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter I. Licensing|§ 2213. Contents of books and records.

§ 2213. Contents of books and records. The Commissioner may prescribe the minimum information to be shown in such books, accounts and records of the licensee so that such records will enable the Commissioner to determine compliance with this chapter. 66 Del. Laws, c. 22, §  1;
5 DE Code § 2213A. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter I. Licensing|§ 2213A. Multi-state automated licensing system.

§ 2213A. 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:  (1) Any additional requirements for a license under this chapter that the Commissioner determines are necessary for participation in the system; (2) Prelicensing education and testing, and postlicensing continuing education of individuals employed by the applicants or licensees subject to the system; and (3) Any additional investigation fees, any fees paid directly to the administrator of the system, or any other fee required by the system to process an application or maintain a license, in such amount as the Commissioner determines is necessary to participate in the system. (c) The administrator of any such system in which the Commissioner participates is authorized to act on behalf of the Commissioner to collect from the applicants and licensees subject to the system any payments due the Commissioner under this chapter, to collect information and maintain records in electronic or other format relating to those applicants and licensees, and to submit fingerprints and any other information required for a criminal history background check to the Federal Bureau of Investigation or other law-enforcement agency. (d) Information maintained on any such system in which the Commissioner participates regarding the applicants and licensees subject to the system may be shared with any other state participating in that system for the purpose of licensing, regulating, or supervising that same applicant or licensee under a statute similar to this chapter, if that state could have obtained that same information directly from the applicant or licensee under its own law. The Commissioner shall ensure that the system maintains appropriate confidentiality, privacy, data security, and security breach notification policies that are in full compliance with Delaware law. 76 Del. Laws, c. 264, §  2;
5 DE Code § 2214. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter II. Revolving Credit|§ 2214. Definitions.

§ 2214. Definitions. As used in this subchapter:  (1) “Revolving credit plan” or “plan” means a plan contemplating the extension of credit under an account governed by an agreement between a licensee and a borrower pursuant to which:  a. The licensee permits the borrower and, if the agreement governing the plan so provides, persons acting on behalf of or with authorization from the borrower, from time to time to make purchases from participating merchants and/or to obtain loans by use of a credit device; b. The amounts of such purchases from participating merchants and loans are charged to the borrower's account under the revolving credit plan; c. The borrower is required to pay the licensee the amounts of all purchases and loans charged to such borrower's account under the plan but has the privilege of paying such amounts outstanding from time to time in full or otherwise in accordance with the agreement governing the plan; and d. Interest may be charged and collected by the licensee from time to time on the outstanding unpaid indebtedness under such plan. (2) “Purchases” mean payments for property of whatever nature, real or personal, tangible or intangible, and payments for services, licenses, taxes, official fees, fines, private or governmental obligations or any other thing of value. (3) “Loan” means cash advances or loans to be paid to or for the account of the borrower. (4) “Credit device” means any card, check, identification code or other means of identification contemplated by the agreement governing the plan. (5) “Outstanding unpaid indebtedness” means on any day an amount not in excess of the total amount of purchases from participating merchants and loans charged to the borrower's account under the plan which is outstanding and unpaid at the end of the day, after adding the aggregate amount of any new purchases from participating merchants and loans charged to the account as of that day and deducting the aggregate amount of any payments and credits applied to that indebtedness as of any day and, if the agreement providing the plan so provides, may include the amount of any interest and additional charges, including late or delinquency charges, which have accrued to the account and which are unpaid at the end of the day. Purchases and loans may be included in outstanding unpaid indebtedness as of such time as may be specified in the agreement governing the plan.66 Del. Laws, c. 22, §  1;  71 Del. Laws, c. 19, §  63;  72 Del. Laws, c. 15, §  32;
5 DE Code § 2215. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter II. Revolving Credit|§ 2215. Extension of credit.

§ 2215. Extension of credit. Any licensee may offer and extend credit under a revolving credit plan to a borrower and in connection therewith may charge and collect the interest and other charges permitted by this subchapter and may take such security as collateral in connection therewith as may be acceptable to the licensee. Without limitation of the foregoing, credit may be extended under a revolving credit plan by a licensee's acquisition of obligations arising out of the honoring by a merchant, a bank or other financial institution (whether chartered or organized under the laws of this or any other state, the District of Columbia, the United States or any district, territory or possession of the United States, or any foreign country) or a government or governmental subdivision or agency of a credit device made available to a borrower under a plan, whether directly or indirectly by means of telephone, point of sale terminal or other electronic or similar device or through the mail. 66 Del. Laws, c. 22, §  1;
5 DE Code § 2216. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter II. Revolving Credit|§ 2216. Interest.

§ 2216. Interest. A licensee may charge and collect interest under a revolving credit plan on outstanding unpaid indebtedness in the borrower's account under the plan at such daily, weekly, monthly, annual or other periodic percentage rate or rates as the agreement governing the plan provides or as established in the manner provided in the agreement governing the plan. Periodic interest may be calculated using an average daily balance, 2-cycle average daily balance, adjusted balance or previous balance method or using any other balance computation method provided for in the agreement governing the plan. Periodic billing cycles may be established in such manner and shall have such duration as may be specified in the agreement governing the plan. 66 Del. Laws, c. 22, §  1;  71 Del. Laws, c. 19, §  64;
5 DE Code § 2217. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter II. Revolving Credit|§ 2217. Variable rates.

§ 2217. Variable rates. If the agreement governing the revolving credit plan so provides, the periodic percentage rate or rates of interest under such plan may vary in accordance with a schedule or formula. Such periodic percentage rate or rates may vary from time to time as the rate determined in accordance with such schedule or formula varies and such periodic percentage rate or rates, as so varied, may be made applicable to all or any part of outstanding unpaid indebtedness under the plan on or after the first day of the billing cycle that contains the effective date of such variation including any such indebtedness arising out of purchases made from a participating merchant or loans obtained prior to such variation in the periodic percentage rate or rates. Without limitation, a permissible schedule or formula hereunder may include provision in the agreement governing the plan for a change in the periodic percentage rate or rates of interest applicable to all or any part of outstanding unpaid indebtedness, whether by variation of the then applicable periodic percentage rate or rates of interest, variation of an index or margin or otherwise, contingent upon the happening of any event or circumstance specified in the plan, which event or circumstance may include the failure of the borrower to perform in accordance with the terms of the plan. Nothing herein precludes a licensee from charging or reserving a right to charge, by discretion or otherwise, a rate lower than any maximum rate provided for in any schedule or formula. 66 Del. Laws, c. 22, §  1;  68 Del. Laws, c. 303, §  39;  71 Del. Laws, c. 19, §  65;  77 Del. Laws, c. 279, §  2;
5 DE Code § 2219. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter II. Revolving Credit|§ 2219. Terms for indebtedness.

§ 2219. Terms for indebtedness. A licensee may, if the agreement governing a revolving credit plan so provides, impose different terms (including, without limitation, the terms governing the periodic percentage rate or rates used to calculate interest, the method of computing the outstanding unpaid indebtedness to which such rate or rates are applied, the amounts of other charges and the applicable installment repayment schedule) in respect to indebtedness arising out of purchases and indebtedness arising out of loans made under the plan. 66 Del. Laws, c. 22, §  1;
5 DE Code § 2220. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter II. Revolving Credit|§ 2220. Omitted installments.

§ 2220. Omitted installments. A licensee may at any time and from time to time unilaterally extend to a borrower under a revolving credit plan the option of omitting monthly installments. 66 Del. Laws, c. 22, §  1;
5 DE Code § 2221. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter II. Revolving Credit|§ 2221. Insurance.

§ 2221. Insurance. (a) A licensee may request but not require an individual borrower to be insured in respect of a revolving credit plan under a life, health, accident, health and accident or other credit or other permissible insurance policy, whether group or individual, and in the event that an individual borrower's outstanding unpaid indebtedness under the plan is secured by an interest in real or personal property, a licensee may require the borrower to obtain insurance, from an insurer acceptable to the licensee, against loss of or damage to such property or against the liability arising out of the ownership or use of the property and may finance the premiums for such insurance. (b) The offer and placement of insurance under this section shall be subject in all respects to the applicable provisions of Title 18. 66 Del. Laws, c. 22, §  1;
5 DE Code § 2222. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter II. Revolving Credit|§ 2222. Delinquent installments.

§ 2222. Delinquent installments. (a) If the agreement governing a revolving credit plan so provides, a licensee may impose, as interest, a late or delinquency charge upon any outstanding unpaid installment payments or portions thereof under the plan which are in default; provided, however, that no more than 1 such late or delinquency charge may be imposed in respect of any single such installment payment or portion thereof regardless of the period during which it remains in default; and provided further, however, that for the purpose only of the preceding provision all payments by the borrower shall be deemed to be applied to satisfaction of installment payments in the order in which they become due. Nothing contained in this section shall limit, restrict or otherwise affect the right of a licensee under and pursuant to §§ 2216 and 2217 of this title to change the periodic percentage rate or rates of interest applicable to the revolving credit plan between the licensee and a borrower upon the occurrence of a delinquency or default or other failure of the borrower to perform in accordance with the terms of the plan. (b) No charges assessed by a licensee in accordance with this section shall be deemed void as a penalty or otherwise unenforceable under any statute or the common law. 66 Del. Laws, c. 22, §  1;  68 Del. Laws, c. 303, §  40;  70 Del. Laws, c. 327, §  45;  71 Del. Laws, c. 19, §  68;
5 DE Code § 2223. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter II. Revolving Credit|§ 2223. Attorney's fees; costs.

§ 2223. Attorney's fees; costs. In the event a borrower defaults under the terms of a plan, the licensee may, if the borrower's account is referred to an attorney (not a regularly salaried employee of the licensee) or to a third party for collection and if the agreement governing the revolving credit plan so provides, charge and collect from the borrower a reasonable attorney's fee. In addition, following a borrower's default, the licensee may, if the agreement governing the plan so provides, recover from the borrower all court, alternative dispute resolution or other collection costs (including, without limitation, fees and charges of collection agencies) actually incurred by the licensee. 66 Del. Laws, c. 22, §  1;  72 Del. Laws, c. 15, §  33;
5 DE Code § 2225. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter II. Revolving Credit|§ 2225. Application of other State laws.

§ 2225. Application of other State laws. Any other law of this State limiting the rate or amount of interest, discount, points, finance charges, service charges or other charges which may be charged, taken, collected, received or reserved shall not apply to extensions of credit under a revolving credit plan operated in accordance with this subchapter. 66 Del. Laws, c. 22, §  1;
5 DE Code § 2226. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter II. Revolving Credit|§ 2226. Nonexclusivity; captions.

§ 2226. Nonexclusivity; captions. (a) The provisions of this subchapter are not exclusive and a licensee may at its option elect to extend credit either pursuant to this subchapter or as otherwise permitted by applicable law. (b) Section headings and captions contained in this subchapter are inserted only as a matter of convenience and for reference and do not and shall not be construed to define, limit, extend or describe the scope of this subchapter or the meaning or intent of any section hereof. 66 Del. Laws, c. 22, §  1;
5 DE Code § 2227. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter III. Closed End Credit|§ 2227. Definitions.

§ 2227. Definitions. As used in this subchapter:  (1) “Business day” means, with respect to recission under § 2235A of this title, all calendar days except Sundays and legal public holidays. (2) “Closed end credit” means the extension of credit by a licensee to a borrower pursuant to an arrangement or agreement which is not a revolving credit plan as defined in subchapter II of this chapter. (3) “Conspicuously displayed” means highlighted through the use of capitalization, bold print, underlining or some combination thereof. (4) “Loan” means any single extension of closed end credit. (5) “Right of recission” means, with respect to any short-term consumer loan, the right to return any amount borrowed, in full, on or before the close of business of the business day following the day on which such sum has been disbursed or advanced without the incursion of any fee or other charges. (6) “Rollover” means, with respect to any short-term consumer loan, the extension of an outstanding and unpaid indebtedness beyond the stated repayment period solely on the basis of the payment of a fee without approval of a new loan application. (7) “Short-term consumer loan” means a loan of $1,000 or less made to an individual borrower that charges interest and/or fees for which the stated repayment period is less than 60 days and is not secured by title to a motor vehicle. (8) “Workout agreement” means an agreement between an individual borrower and a licensee for the repayment of an outstanding and unpaid indebtedness. The workout agreement must provide for payments in equal installments over a period of at least 90 days and the licensee may not assess any other fee, interest charge, or other charge on the borrower as a result of converting the loan into a workout agreement.66 Del. Laws, c. 22, §  1;  73 Del. Laws, c. 398, §  3;  78 Del. Laws, c. 278, §  1;