Delaware § 2240 Penalty for making loans without license; exception

Delaware Statutes

§ 2240 — Penalty for making loans without license; exception

Delaware·Title 5·Part Other Businesses Under Jurisdiction of State Banking Department·Ch. 22 LICENSED LENDERS·Subch. Prohibitions and Penalties

(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.

(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.

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(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.

(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.

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