Delaware Statutes
§ 972 — Loans to other than individual borrowers
Delaware·Title 5·Part Banks and Trust Companies·Ch. 9 REGULATIONS GOVERNING BUSINESS OF BANKS AND TRUST COMPANIES·Subch. Bank Closed End Credit
This subchapter shall not be deemed to prohibit a bank, in connection with a loan to other than an individual borrower, from:
(1)Extending or deferring the scheduled payment of all or any portion of any installment or installments payable under such loan;
(2)Permitting prepayment or refinancing of such loan in whole or in part;
(3)Charging and collecting any charges in connection with the matters referred to in subdivisions (1) and (2) of this section; or
(4)Charging and collecting late or delinquency charges, attorneys’ fees or collection charges.
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Legislative History
63 Del. Laws, c. 2, § 5