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2025 Delaware Code
Title 5 - Banking
Chapter 22. LICENSED LENDERS
Subchapter IV. Prohibitions and Penalties
§ 2240. Penalty for making loans without license; exception.
Universal Citation:
5 DE Code § 2240 (2025)
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§ 2240. Penalty for making loans without license; exception.
(a) Loans as authorized by this chapter shall not be made unless a license of registration has first been obtained from the State Bank Commissioner. Whoever violates this subsection shall be fined not less than $50 nor more than $200 for each offense, or imprisoned not more than 3 months, or both.
(b) Subsection (a) of this section shall not apply to any person transacting the business of lending money in accordance with the provisions of § 2202 of this title.
66 Del. Laws, c. 22, § 1; 68 Del. Laws, c. 105, § 25;
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