Delaware Code Title 5 Sec. 2240 – Penalty for making loans without license; exception
Current as of: 2023 | Check for updates
|
Other versions
(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.
Terms Used In Delaware Code Title 5 Sec. 2240
- Commissioner: means the State Bank Commissioner. See Delaware Code Title 5 Sec. 2201
- Person: means an individual, corporation, partnership or any other business entity or group or combination of individuals however organized. See Delaware Code Title 5 Sec. 2201
- State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302
(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.