reglab/housing_qa huggingface dataset:
5 DE Code § 2253. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter V. Title Loans|§ 2253. Right of rescission.

§ 2253. Right of rescission. (a) A title loan borrower may rescind a title loan for any reason up to the end of the business day following the day on which proceeds of the loan were disbursed to the borrower. (b) If a licensee fails to make any disclosure required by § 2252 of this title, a title loan borrower may elect, in lieu of any other available remedy, to rescind the loan at any time up to 1 year from the date scheduled for the final payment on the loan as specified in the original loan agreement, any rollover of the loan, or any workout agreement on the loan, whatever occurs last. (c) A title loan borrower shall not incur any fee, interest, or other charge by exercising a right of rescission, except any fee or charge incurred by the licensee in the normal course of business in connection with the making of the title loan. (d) A title loan borrower may rescind a title loan by delivering within the appropriate time specified in this section a notice of rescission to the licensee that issued the loan. (1) If the rescission is pursuant to subsection (a) of this section, the borrower shall at the same time also return to the licensee all loan proceeds that the borrower received. (2) If the rescission is pursuant to subsection (b) of this section, the borrower shall at the same time also return to the licensee any unpaid balance of the loan proceeds that the borrower received less any fees, interest or other charges that the borrower paid the licensee on the loan. If such fees, interest, or other charges exceed the unpaid loan proceeds, the licensee shall promptly refund that excess to the borrower. (e) Upon rescission of a title loan, the licensee that issued the loan shall promptly take all actions necessary or appropriate to terminate any security interest in the motor vehicle that is used as security for that loan if the borrower still owns that vehicle. 77 Del. Laws, c. 164, §  1;
5 DE Code § 2254. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter V. Title Loans|§ 2254. Rollover limit.

§ 2254. Rollover limit. No licensee shall make a title loan rollover that would extend the repayment period for the loan beyond 180 days from the date on which the loan proceeds were disbursed to the borrower. 77 Del. Laws, c. 164, §  1;
5 DE Code § 2255. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter V. Title Loans|§ 2255. Workout agreement.

§ 2255. Workout agreement. (a) If a title loan borrower fails to repay the loan in accordance with the original provisions of the loan or any rollover of the loan, a licensee shall not take possession of the motor vehicle that is used as security for that loan or file suit on the loan until the licensee offers the borrower a workout agreement. Every workout agreement shall require a net reduction of at least 10% of the outstanding and unpaid indebtedness on the loan every month. A borrower shall have at least 10 business days to accept a workout agreement before the licensee takes possession of the motor vehicle. (b) A title loan borrower who enters into a workout agreement with a licensee shall not be considered in default of the loan, and a licensee shall not take possession of a motor vehicle that is used as security for that loan or file suit against the borrower, unless the borrower defaults under the workout agreement. 77 Del. Laws, c. 164, §  1;
5 DE Code § 2256. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter V. Title Loans|§ 2256. Federal Fair Debt Collection Practices Act.

§ 2256. Federal Fair Debt Collection Practices Act. No licensee who employs a debt collector, as defined in the Federal Fair Debt Collection Practices Act, as amended (Pub. L. 95-109, 91 Stat. 874) [15 U.S.C. § 1692 et seq.], to collect any outstanding and unpaid indebtedness under a title loan shall knowingly cause or permit such debt collector to act in a manner which violates that act. 77 Del. Laws, c. 164, §  1;
5 DE Code § 2257. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter V. Title Loans|§ 2257. Threat of criminal prosecution prohibited.

§ 2257. Threat of criminal prosecution prohibited. No licensee shall seek or threaten to seek the criminal prosecution of a title loan borrower in connection with the nonpayment of any amount due under the loan, including the unpaid return of any check or automated clearing house transaction. 77 Del. Laws, c. 164, §  1;
5 DE Code § 2258. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter V. Title Loans|§ 2258. Interest after default or repossession.

§ 2258. Interest after default or repossession. If a title loan borrower defaults on the loan, interest shall accrue on that loan at the rate specified in the original loan agreement for the original title loan period, any rollover period, and the period of any workout agreement. If the borrower remains in default at the expiration of the last of those periods, interest shall accrue from that point forward at no more than the legal rate specified in § 2301 of Title 6 as of that time. In all such cases, interest shall cease to accrue at the time a licensee takes possession of the motor vehicle that is used as security for that loan. Interest following a judgment that is rendered by a court of competent jurisdiction in favor of the licensee in any suit for breach of the loan agreement shall accrue at a rate determined by the court. 77 Del. Laws, c. 164, §  1;
5 DE Code § 2259. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter V. Title Loans|§ 2259. Possession of motor vehicle after default.

§ 2259. Possession of motor vehicle after default. A licensee may take possession of the motor vehicle that is used as security for a title loan only in accordance with procedures specified in part 6 (Default) of Article 9 (Uniform Commercial Code — Secured Transactions) of Title 6. 77 Del. Laws, c. 164, §  1;
5 DE Code § 2260. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter V. Title Loans|§ 2260. Sale of motor vehicle.

§ 2260. Sale of motor vehicle. Notwithstanding any other provision of law, the proceeds of a licensee's sale of a motor vehicle that is used as security for a title loan shall satisfy all outstanding and unpaid indebtedness under that loan, and the borrower on that loan shall not be liable for any deficiency resulting from that sale. The licensee shall nevertheless still be required to pay the borrower any surplus arising from the sale of that motor vehicle as required by part 6 (Default) of Article 9 (Uniform Commercial Code — Secured Transactions) of Title 6. 77 Del. Laws, c. 164, §  1;
5 DE Code § 2261. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 22. Licensed Lenders|Subchapter V. Title Loans|§ 2261. Notice to borrower.

§ 2261. Notice to borrower. In addition to any other requirement of law, a licensee shall provide to the borrower, within 30 days of the date of the sale of any motor vehicle that is used as security for a title loan, a written explanation of the disposition of the proceeds of that sale. The explanation shall include all of the information required for an explanation under § 9-616 of Title 6, and shall be provided whether or not the sale resulted in a surplus or deficiency with respect to the amount owed by the borrower. The explanation shall include a notice that the sale has satisfied all outstanding and unpaid indebtedness under the title loan. 77 Del. Laws, c. 164, §  1;
5 DE Code § 2701. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 27. Cashing of Checks, Drafts or Money Orders|Subchapter I. General Provisions|§ 2701. Definitions.

§ 2701. Definitions. As used in this chapter, unless otherwise specifically defined, or unless another intention clearly appears, or the context requires a different meaning:  (1) “Commissioner” means the State Bank Commissioner. (2) “Licensed casher of checks” means any individual, partnership, unincorporated association or corporation duly licensed by the State Bank Commissioner to engage in business pursuant to this chapter. (3) “Licensee” means a licensed casher of checks, drafts or money orders. (4) “Limited station” means that the licensee is authorized to carry on the licensee's business of cashing checks for the employees of a single and particular business or office, and at a single location at or near such particular business or office site. (5) “Mobile unit” means any vehicle or other movable means from which the business of cashing checks, drafts or money orders is to be conducted.Code 1935, §  2408A;  46 Del. Laws, c. 287, §  1;  5 Del. C. 1953, §  2701;  70 Del. Laws, c. 186, §  1;
5 DE Code § 2702. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 27. Cashing of Checks, Drafts or Money Orders|Subchapter I. General Provisions|§ 2702. Application of chapter.

§ 2702. Application of chapter. The provisions of this chapter shall not apply:  (1) When checks, drafts or money orders are cashed without a consideration or charge; (2) When checks, drafts or money orders are cashed by any person as an incident to the conduct of any other lawful business where not more than 10 cents is charged for cashing each check, draft or money order; (3) To any national bank, federal reserve bank, federal savings bank, federal credit union or other person authorized by the laws of the United States to engage in the business of cashing checks, drafts or money orders in this State, or to any person doing business under or pursuant to the banking laws of this State, except a licensee under this chapter.Code 1935, §  2408I;  46 Del. Laws, c. 287, §  1;  5 Del. C. 1953, §  2702;  72 Del. Laws, c. 286, §  3;
5 DE Code § 2711. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 27. Cashing of Checks, Drafts or Money Orders|Subchapter II. License Provisions|§ 2711. Requirement of license.

§ 2711. Requirement of license. No person shall engage in the business of cashing checks, drafts or money orders for a consideration without first obtaining a license from the State Bank Commissioner. Code 1935, §  2408B;  46 Del. Laws, c. 287, §  1;  5 Del. C. 1953, §  2711;
5 DE Code § 2712. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 27. Cashing of Checks, Drafts or Money Orders|Subchapter II. License Provisions|§ 2712. Form and contents of application for license.

§ 2712. Form and contents of application for license. Application for a license required by § 2711 of this title shall be in writing, and in the form prescribed by the State Bank Commissioner, and shall state the name and the address (both of the residence and place of business) of the applicant, and if the applicant is a copartnership or association, of every member thereof, and if a corporation, of each officer and director thereof. If the business is to be conducted at a specific address, the application shall state the address at which the business is to be conducted, and if the business is to be conducted from a mobile unit, the Delaware State registration number or other identification of the mobile unit, and the area in which the applicant proposes to operate the mobile unit. The application shall also contain such further information as the Commissioner requires. The Commissioner, at the time the application is submitted or in connection with an investigation of the application, may require the applicant, the spouse of the applicant, a principal of, individual who is a person in control of, or proposed responsible individual of the applicant, or any other individual associated with the applicant and the proposed licensed activities, to provide the Commissioner or the Commissioner's designee with a complete set of fingerprints for purposes of a criminal background investigation. Code 1935, §  2408B;  46 Del. Laws, c. 287, §  1;  5 Del. C. 1953, §  2712;  80 Del. Laws, c. 225, § 6;  82 Del. Laws, c. 78, § 5;
5 DE Code § 2713. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 27. Cashing of Checks, Drafts or Money Orders|Subchapter II. License Provisions|§ 2713. Fees to be paid at time of application for license.

§ 2713. Fees to be paid at time of application for license. The applicant, at the time of making the application under § 2712 of this title, shall pay to the State Bank Commissioner the nonrefundable sum of $150 as a fee for investigating the application and the additional sum of $200 as a license fee for a period terminating on the last day of the current calendar year, if the business is not to be conducted from a mobile unit; but if the business is to be conducted from a mobile unit, the fee for investigating the application shall be $200, and the license fee shall be $250. If the application is filed after June 30th in any year the payment shall be one-half of the stated license fee in addition to the above stated fee for investigation. Code 1935, §  2408B;  46 Del. Laws, c. 287, §  1;  5 Del. C. 1953, §  2713;  67 Del. Laws, c. 88, §§  2, 3;
5 DE Code § 2715. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 27. Cashing of Checks, Drafts or Money Orders|Subchapter II. License Provisions|§ 2715. Minimum requirement of liquid assets.

§ 2715. Minimum requirement of liquid assets. Each applicant for a license shall prove, in form satisfactory to the State Bank Commissioner, that the applicant has available for the operation of the business, for each location and for each mobile unit specified in the application, liquid assets of at least $5,000, and every licensee shall continuously maintain for the operation of the business for each location and for each mobile unit liquid assets of at least $5,000. Code 1935, §  2408B;  46 Del. Laws, c. 287, §  1;  5 Del. C. 1953, §  2715;  70 Del. Laws, c. 186, §  1;
5 DE Code § 2716. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 27. Cashing of Checks, Drafts or Money Orders|Subchapter II. License Provisions|§ 2716. Issuance of license; conditions precedent.

§ 2716. Issuance of license; conditions precedent. If the State Bank Commissioner finds that the financial responsibility, experience, character and general fitness of the applicant, and of the members thereof if the applicant is a copartnership or association, and of the officers and directors thereof if the applicant is a corporation, are such as to command the confidence of the community and to warrant belief that the business will be operated honestly, fairly and efficiently within the purposes of this chapter, and if the Commissioner finds that the granting of the application will promote the convenience and advantage of the area in which such business is to be conducted, and if the Commissioner finds that the applicant has available for the operation of the business for each location and for each mobile unit specified in the application liquid assets of at least $5,000, the Commissioner shall thereupon issue a license to permit the cashing of checks, drafts and money orders in accordance with this chapter at the location or in the area specified in the application. Code 1935, §  2408D;  46 Del. Laws, c. 287, §  1;  5 Del. C. 1953, §  2716;  70 Del. Laws, c. 186, §  1;  80 Del. Laws, c. 225, § 7;
5 DE Code § 2717. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 27. Cashing of Checks, Drafts or Money Orders|Subchapter II. License Provisions|§ 2717. Refusal of license; disposition of fees.

§ 2717. Refusal of license; disposition of fees. If the State Bank Commissioner finds that the applicant fails to meet any of the conditions set forth in § 2716 of this title, the Commissioner shall not issue the license, and the Commissioner shall notify the applicant of the denial. If an application is denied or withdrawn, the Commissioner shall, except where the application is for renewal of a license in force as provided in § 2720 of this title, retain the investigation fee to cover the costs of investigating the application and return the license fee to the applicant. Code 1935, §  2408D;  46 Del. Laws, c. 287, §  1;  5 Del. C. 1953, §  2717;  70 Del. Laws, c. 186, §  1;
5 DE Code § 2720. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 27. Cashing of Checks, Drafts or Money Orders|Subchapter II. License Provisions|§ 2720. Term and renewal of licenses.

§ 2720. Term and renewal of licenses. A license issued pursuant to this chapter shall be for a term expiring on the 31st day of December following the date of its issuance, and may be renewed for the ensuing calendar year upon the filing of an application in conformity with §§ 2711-2715 of this title; except that no fee shall be charged by the State Bank Commissioner for investigating such application. Every holder of a license or a renewal thereof, as provided for in this section, desiring to continue the transaction of business as provided for in this chapter, shall at least 30 days prior to the expiration of such license or renewal thereof make application to the Commissioner on forms to be provided by the Commissioner for a license renewal. The Commissioner may mandate that applications for renewal shall be treated as new applications if said renewal applications are not on file with the office of the State Bank Commissioner at least 30 days prior to the expiration of such license or renewal thereof. Licensees who have not complied with supervisory letters or who have not paid examination fees when due may be refused license renewal. Code 1935, §  2408D;  46 Del. Laws, c. 287, §  1;  5 Del. C. 1953, §  2720;  70 Del. Laws, c. 6, §  13;  70 Del. Laws, c. 327, §  42;
5 DE Code § 2721. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 27. Cashing of Checks, Drafts or Money Orders|Subchapter II. License Provisions|§ 2721. Transferability of license.

§ 2721. Transferability of license. The license shall not be transferable or assignable. Code 1935, §  2408D;  46 Del. Laws, c. 287, §  1;  5 Del. C. 1953, §  2721;
5 DE Code § 2722. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 27. Cashing of Checks, Drafts or Money Orders|Subchapter II. License Provisions|§ 2722. Limitation of license.

§ 2722. Limitation of license. Not more than 1 place of business or 1 mobile unit shall be maintained under the same license. More than 1 license may be issued to the same licensee upon compliance with this chapter for each new license. Code 1935, §  2408E;  46 Del. Laws, c. 287, §  1;  5 Del. C. 1953, §  2722;
5 DE Code § 2723. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 27. Cashing of Checks, Drafts or Money Orders|Subchapter II. License Provisions|§ 2723. License for limited station.

§ 2723. License for limited station. Any licensed casher of checks may open and maintain, within this State, 1 or more limited stations for the purpose of cashing checks, drafts or money orders for the particular group or groups specified in the license authorizing each limited station. The stations shall be licensed pursuant to and be subject to all the provisions of this chapter applicable to licensed cashers of checks, except that no bond shall be required for such a station. The fee for investigating the application for a station shall be $10 and the annual license fee for each limited station shall be $20. Code 1935, §  2408E;  46 Del. Laws, c. 287, §  1;  5 Del. C. 1953, §  2723;
5 DE Code § 2724. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 27. Cashing of Checks, Drafts or Money Orders|Subchapter II. License Provisions|§ 2724. Change of place of business or area; change of name.

§ 2724. Change of place of business or area; change of name. (a) A licensee may make a written application to the State Bank Commissioner for leave to change the licensee's place of business, or in the case of a mobile unit, the area in which the unit is authorized to be operated, stating the reasons for the proposed change. If the Commissioner approves the application the Commissioner shall issue a new license in accordance with § 2716 of this title, for the new location of the licensee or, in the case of a mobile unit, the new area in which the mobile unit may be operated. (b) In case there is a change in name but no change in corporate structure of a licensee, the Commissioner shall issue without charge an amended license for the new name. Code 1935, §  2408E;  46 Del. Laws, c. 287, §  1;  5 Del. C. 1953, §  2724;  72 Del. Laws, c. 15, §  39;  70 Del. Laws, c. 186, §  1;  80 Del. Laws, c. 225, § 9;
5 DE Code § 2725. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 27. Cashing of Checks, Drafts or Money Orders|Subchapter II. License Provisions|§ 2725. Suspension, revocation or surrender of license.

§ 2725. 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 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; or (3) The licensee has engaged in business activities or practices, in connection with any business for which a license is required under this chapter, 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, the Commissioner 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. Code 1935, §  2408H;  46 Del. Laws, c. 287, §  1;  5 Del. C. 1953, §  2725;  57 Del. Laws, c. 740, §  24;  70 Del. Laws, c. 186, §  1;  73 Del. Laws, c. 24, §  13;  77 Del. Laws, c. 126, §  6;