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Delaware Cash Lenders
Delaware Payday Loan Laws and State Information
Delaware Payday loan laws. Delaware Payday loan legislation. Delaware has specific payday advance laws. The rate of interest is determined by the parties to the loan.
The term of a payday loan is 59 days. Maximum amount of a cash advance is $500. Rollovers are limited to four.
Legal Status: Permitted under small loan act or licensing law – Legal
Citation:
Del. Code Ann. Tit. 5 ยง 2227 et seq.
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 60 days
Maximum Finance Rate and Fees: Not Specified
Finance Charge for 14-day $100 loan: No Limit
APR for 14-day $100 loan: No Limit
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified ($1000 aggregate loans outstanding to all licensees)
Rollovers Permitted: Four (rollovers)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees:
Criminal Action:
Regulator: Delaware Office of the State Bank Commissioner
Address: 555 E. Loockerman Street Suite 210 Dover DE 19901
Phone: (302) 739-4235
Fax: (302) 739-3609
Regulatory Contact: , Administrator, Non-Depository Institutions and Compliance
Regulator Website