reglab/housing_qa huggingface dataset:
5 DE Code § 1920. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 19. Powers and Conduct of Business|§ 1920. Investments in trust.

§ 1920. Investments in trust. When an investment is made by any person in the shares of a building and loan association in this State, said investment in trust for another, and no other or further notice of the existence and terms of a legal and valid trust has been given in writing to the association, then, in the event of the death of the trustee, the investment or any part thereof, or the increase thereof, may be paid to the person for whose benefit the investment was made, or his or her legal representative, and the association shall be discharged of any further obligation whatsoever. 5 Del. C. 1953, §  1920;  50 Del. Laws, c. 218, §  4;  70 Del. Laws, c. 186, §  1;
5 DE Code § 1921. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 19. Powers and Conduct of Business|§ 1921. Powers similar to federally chartered institutions.

§ 1921. Powers similar to federally chartered institutions. To the extent authorized by the Commissioner pursuant to regulations, a building and loan association shall have the power to engage in any activity which such federally chartered institutions may be authorized to engage in by federal legislation or regulations issued pursuant to such legislation. 63 Del. Laws, c. 10, §  1;
5 DE Code § 2001. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 20. Merger, Consolidation or Conversion|§ 2001. Merger, consolidation and conversion authorized.

§ 2001. Merger, consolidation and conversion authorized. Any 2 or more building and loan associations incorporated under the general corporation laws of this State may, in the manner hereinafter provided, be merged into one such association, hereinafter designated as the surviving association, or consolidated into a new association to be formed under this chapter. One or more building and loan associations incorporated under the general corporation laws of this State and 1 or more federal savings and loan associations, operating under the laws of the United States, may, in the manner hereinafter provided and pursuant to the laws of the United States, be merged into an association, hereinafter designated as the surviving association, or into a federal savings and loan association, or consolidated into a new association to be formed under this chapter, or into a new federal savings and loan association, and an association may, in the manner hereinafter provided and pursuant to the laws of the United States, be converted into a federal savings and loan association, and any federal savings and loan association may, in the manner hereinafter provided and pursuant to the laws of the United States, be converted into an association hereinafter designated as the converted association. No conversion of an association into a federal savings and loan association, or merger or consolidation of 1 or more associations with 1 or more federal savings and loan associations to form a federal savings and loan association shall be effected pursuant to this chapter, unless at the time of such merger, consolidation or conversion, the laws of the United States shall authorize a federal savings and loan association to merge into, consolidate with, or convert into an association with all the property and rights of such federal savings and loan association, vesting in such association in the same manner as is prescribed by this chapter in the merger, consolidation or conversion of federal savings and loan associations into building and loan associations. 5 Del. C. 1953, §  2001;  49 Del. Laws, c. 253.;
5 DE Code § 2003. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 20. Merger, Consolidation or Conversion|§ 2003. Articles of merger, consolidation or conversion.

§ 2003. Articles of merger, consolidation or conversion. Upon the approval, pursuant to this chapter, of the plan of merger, consolidation or conversion by the shareholders of the associations or federal savings and loan associations desiring to merge, consolidate or convert, or in the case of a surviving association, the articles or bylaws of which, pursuant to this chapter, provide that action by the shareholders shall not be required upon the giving of written notice to the shareholders of the intention of the board of directors to file articles of merger with the Secretary of State, articles of merger, consolidation or conversion, as the case may be, shall be executed under the seal of each association or federal savings and loan association and verified by 2 duly authorized officers of each association or federal savings and loan association, and shall set forth:  (1) The name of the surviving, new or converted association or federal savings and loan association; (2) The time and place of the meeting of the directors at which the plan of merger, consolidation or conversion was proposed, and except where, pursuant to this chapter, the plan of merger is not submitted to a vote of the shareholders of the surviving association, the time and place of the meeting of the shareholders of each association or federal savings and loan association at which the plan of merger, consolidation or conversion, as the case may be, was ratified, the kind and period of notice given to the shareholders, and the total vote by which the plan was adopted; (3) In the case of a merger into a surviving association, any changes desired to be made in the articles of the surviving association, or, in the case of a consolidation into a new association or the conversion of a federal savings and loan association into an association, all of the statements required by law to be set forth in the original articles in the case of the formation of an association; (4) The number, names, and addresses of the persons to be the first directors of the surviving, new or converted association or federal savings and loan association; (5) The plan of merger, consolidation or conversion.5 Del. C. 1953, §  2003;  49 Del. Laws, c. 253.;
5 DE Code § 2004. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 20. Merger, Consolidation or Conversion|§ 2004. Advertisement.

§ 2004. Advertisement. The association or federal savings and loan association shall advertise its intention to file articles of merger, consolidation or conversion, as the case may be, with the Secretary of State. Advertisements shall appear in a newspaper of the county where the involved association or federal savings and loan association has its principal office at least 3 days prior to the day on which the articles of merger, consolidation or conversion are to be presented to the Secretary of State, and shall set forth briefly:  (1) The name and the location of the principal place of business of each of the associations or federal savings and loan associations intending to merge, consolidate or convert; (2) The name and the location of the principal place of business of the surviving, new or converted association or federal savings and loan association; (3) A statement that the articles of merger, consolidation or conversion are to be filed under this chapter; (4) The purpose or purposes of the surviving, new or converted association; (5) The time when the articles of merger, consolidation or conversion will be delivered to the Secretary of State.5 Del. C. 1953, §  2004;  49 Del. Laws, c. 253.;
5 DE Code § 2005. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 20. Merger, Consolidation or Conversion|§ 2005. Filing of articles of merger, consolidation or conversion; payment of fees; approval by Secretary of State.

§ 2005. Filing of articles of merger, consolidation or conversion; payment of fees; approval by Secretary of State. The articles of merger, consolidation or conversion, as the case may be, the proof of publication of the advertisement required by this chapter, and a certificate or certificates from the proper department or departments evidencing payment by the corporation of all taxes and charges as required by law, shall be delivered to the Secretary of State. The Secretary of State shall examine such articles of merger, consolidation or conversion, such proof of publication and such certificate or certificates herein required to be delivered therewith to determine whether they contain all the information and are in the form required by this chapter, and also whether the name of the surviving, new or converted association, as the case may be, conforms with the requirements of law for the name of such an association, or, if the name is not the same as either or any of the merging or consolidating associations, whether it is the same as one already adopted or reserved by another corporation or person or is so similar thereto that it is likely to mislead the public. After all the fees, taxes, and other charges have been paid as required by law, except for the costs of an examination made by the State Bank Commissioner, pursuant to this chapter, to determine whether to approve the merger, consolidation or conversion, or any other charges made by the State Bank Commissioner, the Secretary of State, if the articles of merger, consolidation or conversion, the certificate or certificates herein required to be delivered therewith and the proof of publication contain the information and are in the form required by this chapter, shall forthwith, but not prior to the day specified in the advertisement of the intention to file the articles, endorse his approval thereon, and shall forthwith transmit them to the State Bank Commissioner. If the Secretary of State shall disapprove the articles of merger, consolidation or conversion pursuant to this chapter, he shall forthwith give notice thereof to the association or federal savings and loan association, stating in detail his reasons for doing so, and stating how such association or federal savings and loan association can remedy the nonconformance with the provisions of this chapter. Upon remedying the defect, such association or federal savings and loan association may in the same manner file the same or amended articles, whichever the particular case may require. 5 Del. C. 1953, §  2005;  49 Del. Laws, c. 253.;
5 DE Code § 2007. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 20. Merger, Consolidation or Conversion|§ 2007. Issuance of certificate of merger, consolidation or conversion.

§ 2007. Issuance of certificate of merger, consolidation or conversion. Immediately upon receipt of the approved articles of merger, consolidation or conversion from the State Bank Commissioner, and upon receipt by the Secretary of State of the written approval of the Federal Home Loan Bank Board, if such approval is required by law, the Secretary of State shall file the articles, and shall issue to the surviving, new or converted association or federal savings and loan association, or its representative, a certificate of merger, consolidation or conversion. A copy of the approved articles of merger, consolidation or conversion shall be sent by the Secretary of State to the State Bank Commissioner. 5 Del. C. 1953, §  2007;  49 Del. Laws, c. 253.;
5 DE Code § 2010. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 20. Merger, Consolidation or Conversion|§ 2010. Effective date of merger, consolidation or conversion.

§ 2010. Effective date of merger, consolidation or conversion. Upon the issuance of the certificate of merger, consolidation or conversion by the Secretary of State, the merger, consolidation or conversion shall be effective. The certificate of merger, consolidation or conversion shall be conclusive evidence of the performance of all conditions precedent to such consolidation, merger or conversion and the creation or existence of a new, surviving or converted association, except as against the State. 5 Del. C. 1953, §  2010;  49 Del. Laws, c. 253.;
5 DE Code § 2011. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 20. Merger, Consolidation or Conversion|§ 2011. Branch offices.

§ 2011. Branch offices. (a) Any building and loan association incorporated under the laws of this State may open and maintain a branch office or place of business, or branch offices or places of business in this State, upon application submitted to and approved by the State Bank Commissioner, and upon the issuance of a certificate of authority by said Commissioner. The application shall state the exact location of the intended branch office and the necessity for its opening. The Commissioner shall inquire into the matter and if the Commissioner deems that the public convenience will be served thereby and that there is good and sufficient reason that the association shall have the branch office, the Commissioner shall issue the certificate of authority. Any certificate of authority issued by the Commissioner shall be void and of no effect at the expiration of 6 months after date of issue, unless the branch is actually opened for business. Unavoidable delay in opening the branch, due to construction problems or controls, or other matters beyond the control of the parent company, may be taken into consideration, and the Commissioner may extend the certificate for periods of 30 days in the event of such circumstances. A fee of $575 for every such certificate shall be required by the Commissioner before issuing the same. In addition, the applicant shall pay an investigation fee of $575 which shall not be refundable and shall be submitted with the application. (b) In the event of a merger or consolidation of associations under this chapter, the merging or consolidating associations may in their plan of merger or consolidation, and in their articles of merger or consolidation, provide for the continuance of the office or offices of the associations to be merged or consolidated as a branch office or branch offices of the surviving or new association, and if said articles are approved as required under this chapter relating to merger and consolidation, said office or offices may be continued after merger or consolidation as branch offices of the surviving or new association, without the necessity of filing separate applications under subsection (a) of this section. (c) Nothing in this section shall deny any building and loan association the right to continue a branch office or offices if such branch office or offices shall have been actually established prior to June 28, 1963. 5 Del. C. 1953, §  2011;  54 Del. Laws, c. 86;  60 Del. Laws, c. 268, §§  13, 14;  67 Del. Laws, c. 260, §  1;  70 Del. Laws, c. 186, §  1;
5 DE Code § 2012. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 20. Merger, Consolidation or Conversion|§ 2012. Fees for merger, consolidation or conversion.

§ 2012. Fees for merger, consolidation or conversion. The resulting association shall pay to the office of State Bank Commissioner a fee of $1,150 upon approval of a merger, consolidation or conversion. In addition, the resulting association shall pay an investigation fee of $575 which shall not be refundable and shall be submitted with the application. 60 Del. Laws, c. 268, §  15;  67 Del. Laws, c. 260, §  1;
5 DE Code § 2101. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 21. Mortgage Loan Brokers|§ 2101. Definitions.

§ 2101. Definitions. In this chapter, unless the context otherwise requires:  (1) “Borrower” means a person obtaining or desiring to obtain a mortgage loan. (2) “Commissioner” means the State Bank Commissioner. (3) “Licensee,” “licensed mortgage loan broker,” or “person licensed” means any person duly licensed or regulated by the Commissioner pursuant to this chapter. (4) “Mortgage loan” means an extension of credit secured by a first or secondary mortgage on any 1-to-4 family residential owner-occupied property intended for personal, family or household purposes, which is:  a. Negotiated, offered or otherwise transacted within this State, in whole or in part; b. Made or extended within this State; or c. Secured by real property located in this State. (5) “Mortgage loan broker” means a person who (i) in the ordinary course of business, for compensation or gain, or in the expectation of compensation or gain, either directly or indirectly, negotiates or offers to negotiate, or arranges or solicits, or offers to arrange or solicit, a mortgage loan on behalf of a borrower, or (ii) holds himself out as being able to serve as an agent for any person in an attempt to obtain a mortgage loan; or (iii) holds himself or herself out as being able to serve as an agent or independent contractor to negotiate the terms or conditions of a mortgage loan on behalf of a lender (but who is not a person employed as an employee or agent of the lender). (6) “Person” means an individual, corporation, partnership or any other group of individuals however organized.68 Del. Laws, c. 326, §  1;  70 Del. Laws, c. 186, §  1;
5 DE Code § 2102. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 21. Mortgage Loan Brokers|§ 2102. License required.

§ 2102. License required. (a) Subject to the provisions of subsection (b) of this section, every person desiring to transact the business of a mortgage loan broker shall be required to obtain a license under this chapter; provided however, that a person who acts as a mortgage loan broker with respect to 5 or fewer mortgage loans within any 12-month period shall be deemed not to be transacting the business of a mortgage loan broker. The licensing requirements of this chapter shall not apply to:  (1) Any banking organization, out-of-state state or national bank, state or federal savings bank or savings and loan association, credit union, licensed lender or insurance company; provided, that such person is licensed (or exempt from licensing) by, and is subject to regulation or supervision of, any agency of the United States or this State; (2) Any person licensed to practice law in this State, not actively and principally engaged in the mortgage loan brokerage business, when such person renders services in the course of such person's practice as an attorney at law; (3) Any person licensed in this State as a real estate broker or a real estate salesperson, not actively and principally engaged in the mortgage loan brokerage business, when such person renders services in the course of the person's business as a real estate broker or salesperson; or (4) Any person employed as an employee or agent for a single licensed or exempt mortgage loan broker; provided, that any fees paid by borrowers are paid to the licensed or exempt mortgage loan broker and not to the employee or agent. Any person conducting a mortgage loan brokerage business but exempted from the licensing requirements of this section shall nevertheless be subject to the provisions of § 2114 of this title in the conduct of such business. (b) The Commissioner shall be authorized to exempt such persons or classes of persons, or such activities, from the licensing or other provisions of this chapter as the Commissioner shall find inappropriate to include within the coverage of this chapter in order to effectuate its purposes. 68 Del. Laws, c. 326, §  1;  71 Del. Laws, c. 254, §  28;
5 DE Code § 2103. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 21. Mortgage Loan Brokers|§ 2103. Application and fees.

§ 2103. Application and fees. (a) Every application for a license shall be in writing, in the form prescribed by the Commissioner and shall contain the name and complete address or addresses where the business of the applicant is to be conducted and, if the applicant is a partnership, association, corporation or other form of business organization, the names and complete addresses of each member, director and principal officer thereof. Such application shall also include a description of the activities of the applicant, in such detail and for such periods as the Commissioner may require, as well as such other further information as the Commissioner may require. 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. Such applicant, at the time of making such application, shall pay to the Commissioner, as an investigation fee, the sum of $250 which shall not be refundable. (b) Upon approval, the applicant shall pay an annual license fee of $500, which shall be payable annually thereafter. Two hundred and fifty dollars of the aforementioned license fee shall be allocated to and for the assistance of the Delaware Emergency Mortgage Assistance Program. No abatement in the amount of said license fee shall be made if the license is issued for less than 1 year or if the license is surrendered, canceled or revoked prior to the expiration of the period for which such license was issued. Every license issued hereunder shall expire on December 31 of each year. 68 Del. Laws, c. 326, §  1;  76 Del. Laws, c. 420, §§  1, 2;  82 Del. Laws, c. 78, § 1;
5 DE Code § 2104. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 21. Mortgage Loan Brokers|§ 2104. Issuance of license.

§ 2104. Issuance of license. Upon the filing of an application for a license, if the Commissioner shall find that the financial responsibility, experience, character and general fitness of the applicant and of the members thereof (if the applicant is a partnership or association) and of the officers and directors thereof (if the applicant is a corporation) are such as to warrant belief that its business will be operated honestly, fairly and efficiently within the purpose of this chapter, he shall thereupon issue a license to transact business in accordance with this chapter. If the Commissioner shall not so find, he shall not issue such license and he shall notify the applicant of its denial, give notice of the grounds for refusal and notify the applicant of the right to request a hearing. If the applicant requests a hearing, the Commissioner shall hold such hearing under Chapter 101 of Title 29. The Commissioner shall approve or deny every application for license hereunder within 90 days from the date the Commissioner determines that the application as filed with him is complete. 68 Del. Laws, c. 326, §  1;
5 DE Code § 2105. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 21. Mortgage Loan Brokers|§ 2105. Changes in officers or directors of licensee.

§ 2105. Changes in officers or directors of licensee. In the event that there shall be any change among the officers, partners or directors of any licensee, the licensee shall forthwith notify the Commissioner of the name, address and occupation of each new officer, partner or director and provide such other information as the Commissioner may require. 68 Del. Laws, c. 326, §  1;
5 DE Code § 2106. (2021)
2021 Delaware Code|Title 5 - Banking|Chapter 21. Mortgage Loan Brokers|§ 2106. License requirements.

§ 2106. License requirements. A licensee shall obtain a license for each office or other place of business from which its mortgage loan brokerage business is conducted upon payment of the required fees for each office and compliance with all applicable provisions of law. In the event the location of a licensed office is changed during the term of the license, the Commissioner shall issue without charge an amended license for the new location. If there is a change of name but no change in corporate or other business structure, the Commissioner shall issue without charge an amended license for the new name. Such license shall not otherwise be transferrable or assignable. The Commissioner may issue more than 1 license to the same applicant upon payment of the required fees and compliance with all applicable provisions of law. 68 Del. Laws, c. 326, §  1;  69 Del. Laws, c. 165, §  25;  72 Del. Laws, c. 15, §  28;  80 Del. Laws, c. 225, § 3;