Delaware § 701 Order on employer to pay employee’s loan carrying excessive interest rate; penalty for payment

Delaware Statutes

§ 701 — Order on employer to pay employee’s loan carrying excessive interest rate; penalty for payment

Delaware § 701

Title19

PartGeneral Provisions

Ch. 7EMPLOYMENT PRACTICES

This text of Delaware § 701 (Order on employer to pay employee’s loan carrying excessive interest rate; penalty for payment) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 19, § 701 (2026).

Text

(a)No employer in this State shall knowingly pay any warrant or order due any person for borrowed money where more than the lawful rate of interest has been received or charged for the money borrowed.

(b)Any employer, whether an individual, member of a firm, agent or officer of a corporation, who shall knowingly violate this section shall be subject to a civil penalty of not less than $1,000 nor more than $5,000 for each violation. A civil penalty claim may be filed in any court of competent jurisdiction.

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(a) No employer in this State shall knowingly pay any warrant or order due any person for borrowed money where more than the lawful rate of interest has been received or charged for the money borrowed.

(b) Any employer, whether an individual, member of a firm, agent or officer of a corporation, who shall knowingly violate this section shall be subject to a civil penalty of not less than $1,000 nor more than $5,000 for each violation. A civil penalty claim may be filed in any court of competent jurisdiction.

Legislative History

25 Del. Laws, c. 233, §§ 1-3 ; Code 1915, § 4129; Code 1935, § 4617; 19 Del. C. 1953, § 702; 57 Del. Laws, c. 137 ; 67 Del. Laws, c. 260, § 1 ; 69 Del. Laws, c. 294, § 4