Penalty for making loans without license; exception.

Del. Code tit. 5, § 2240
in effect
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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.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title5/c022/sc04/index.htmlFetched: 10/4/2026