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2025 Delaware Code
Title 5 - Banking
Chapter 22. LICENSED LENDERS
Subchapter V. Title Loans
§ 2261. Notice to borrower.
Universal Citation:
5 DE Code § 2261 (2025)
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§ 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;
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