2025 Delaware Code
Title 6 - Commerce and Trade
Chapter 24A. DEBT-MANAGEMENT SERVICES
§ 2405A. Application for license — Form, fee, and accompanying documents.
(a) An application for license as a provider must be in a form prescribed by the Attorney General.
(b) An application for a license as a provider must be accompanied by:
(1) A nonrefundable fee of $2,000, which shall be deposited in the State Treasury to the credit of the State Consumer Protection Fund created under § 2527 of this title;
(2) The bond required by § 2413A of this title;
(3) Identification of all trust accounts required by § 2422A of this title, an irrevocable consent authorizing the Attorney General to review and examine the trust accounts, and the overdraft notification agreement required by § 2422A of this title;
(4) Evidence of insurance in the amount of $250,000:
(A) Against the risks of dishonesty, fraud, theft, and other misconduct on the part of the applicant or a director, employee, or agent of the applicant;
(B) Issued by an insurance company authorized to do business in this State and rated at least A by a nationally recognized rating organization;
(C) With no greater than a $5,000 deductible; and
(D) Naming the Attorney General as an additional interested party to receive notice upon cancellation of the policy.
(E) [Repealed.]
75 Del. Laws, c. 430, § 1; 76 Del. Laws, c. 146, §§ 3, 4, 6;
