Terms Used In Delaware Code > Title 7 > Chapter 74 > Subchapter III - Contractor Certification

• Contract: A legal written agreement that becomes binding when signed.
• Department: means the Department of Natural Resources and Environmental Control. See Delaware Code Title 7 Sec. 7402
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Mortgage loan: A loan made by a lender to a borrower for the financing of real property. ^{Source: OCC}
• Mortgage loan: means an extension of credit secured by a first or secondary mortgage on any 1-to-4 family residential owner-occupied property intended for personal, family or household purposes, which is:

  a. See Delaware Code Title 5 Sec. 2101

• Removal: means the process of removing and disposing of an underground storage tank system, through the use of prescribed techniques for the purging of residues and vapors and removal of the vessel from the ground. See Delaware Code Title 7 Sec. 7402
• Retrofit: means modification or correction of an underground storage tank system to meet standards contained in regulations promulgated under this chapter through such means as replacement of valves, fill pipes, vents and liquid level monitoring systems, and the installation of overfill protection, transfer spill protection, leak detection and cathodic protection devices; but the term does not include the process of relining an underground tank through application of such materials as epoxy resins, nor does the term include the process of conducting a tightness test to establish the integrity of the tank. See Delaware Code Title 7 Sec. 7402
• State: means the State of Delaware. See Delaware Code Title 7 Sec. 7402
• Underground storage tank: means a containment vessel, including underground pipes connected thereto, which is used to contain an accumulation of regulated substances, and the volume of which, including the volume of the underground pipes connected thereto, is 10 per centum or more beneath the surface of the ground. See Delaware Code Title 7 Sec. 7402
• Underground storage tank system: means an underground storage tank and its associated ancillary equipment and containment system, if any. See Delaware Code Title 7 Sec. 7402