Delaware Code
5 Del. C. § 2240 (2026)
Penalty for making loans without license; exception
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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.
66 Del. Laws, c. 22, § 1; 68 Del. Laws, c. 105, § 25;Notes of Decisions
Cited in 1
case (1 in the last 5 years), 2022–2022 · leading case: Chung v. Lee, No. N18C-12-236 SKR (Del. Super. Ct. Mar. 31, 2022).
Chung v. Lee, No. N18C-12-236 SKR (Del. Super. Ct. Mar. 31, 2022). “§ 2202 and thus, the loans are illegal pursuant to 5 Del. C. § 2240(a). Chung contended that Title 5, Chapter 22 is not applicable to her conduct.”
5 Del. C. § 2240(a): 1 case
Chung v. Lee, No. N18C-12-236 SKR (Del. Super. Ct. Mar. 31, 2022). “§ 2202 and thus, the loans are illegal pursuant to 5 Del. C. § 2240(a). Chung contended that Title 5, Chapter 22 is not applicable to her conduct.”
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