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2025 Delaware Code
Title 5 - Banking
Chapter 22. LICENSED LENDERS
Subchapter V. Title Loans
§ 2260. Sale of motor vehicle.
Universal Citation:
5 DE Code § 2260 (2025)
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§ 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;
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