Title 5, Banking

§ 2713. Fees to be paid at time of application for license. The applicant, at the time of making the application under § 2712 of this title, shall pay to the State Bank Commissioner the nonrefundable sum of $150 as a fee for investigating the application and the additional sum of…

§ 2714. Surety bonds and irrevocable letters of credit. (a) Surety bonds. — (1) Every licensee shall file with the Commissioner, in a form satisfactory to the Commissioner, an original corporate surety bond, with surety provided by a corporation authorized to transact business in…

§ 2715. Minimum requirement of liquid assets. Each applicant for a license shall prove, in form satisfactory to the State Bank Commissioner, that the applicant has available for the operation of the business, for each location and for each mobile unit specified in the application…

§ 2716. Issuance of license; conditions precedent. If the State Bank Commissioner finds that the financial responsibility, experience, character and general fitness of the applicant, and of the members thereof if the applicant is a copartnership or association, and of the officer…

§ 2717. Refusal of license; disposition of fees. If the State Bank Commissioner finds that the applicant fails to meet any of the conditions set forth in § 2716 of this title, the Commissioner shall not issue the license, and the Commissioner shall notify the applicant of the den…

§ 2718. Form of license [Repealed].Code 1935, § 2408D; 46 Del. Laws, c. 287, § 1; 5 Del. C. 1953, § 2718; 72 Del. Laws, c. 15, § 38; repealed by 80 Del. Laws, c. 225, § 8, effective May 9, 2016.;

§ 2719. Display of license [Repealed].Code 1935, § 2408D; 46 Del. Laws, c. 287, § 1; 5 Del. C. 1953, § 2719; repealed by 80 Del. Laws, c. 225, § 10, effective May 9, 2016.;

§ 2720. Term and renewal of licenses. A license issued pursuant to this chapter shall be for a term expiring on the 31st day of December following the date of its issuance, and may be renewed for the ensuing calendar year upon the filing of an application in conformity with §§ 27…

§ 2721. Transferability of license. The license shall not be transferable or assignable.Code 1935, § 2408D; 46 Del. Laws, c. 287, § 1; 5 Del. C. 1953, § 2721;

§ 2722. Limitation of license. Not more than 1 place of business or 1 mobile unit shall be maintained under the same license. More than 1 license may be issued to the same licensee upon compliance with this chapter for each new license.Code 1935, § 2408E; 46 Del. Laws, c. 287, § …

§ 2723. License for limited station. Any licensed casher of checks may open and maintain, within this State, 1 or more limited stations for the purpose of cashing checks, drafts or money orders for the particular group or groups specified in the license authorizing each limited s…

§ 2724. Change of place of business or area; change of name. (a) A licensee may make a written application to the State Bank Commissioner for leave to change the licensee’s place of business, or in the case of a mobile unit, the area in which the unit is authorized to be operated…

§ 2725. Suspension, revocation or surrender of license. (a) The Commissioner may revoke any license issued hereunder upon finding that: (1) The licensee has violated any provision of this chapter or any rule or regulation made by the Commissioner under and within the authority of…

§ 2726. Multi-state automated licensing system. (a) The Commissioner is authorized to participate in any automated system involving 1 or more other states that will facilitate any aspect of the application and licensing processes of this chapter. (b) Upon joining any such system,…

§ 2741. Rules and regulations of Commissioner. The State Bank Commissioner may make such rules and regulations, and such specific rulings, demands and findings as the Commissioner deems necessary for the proper conduct of the business authorized and licensed under and for the enf…

§ 2742. Limitation on fees and charges for cashing checks or money orders. The licensee shall not charge or collect in fees or charges for cashing a check, draft or money order a sum to exceed 2 percent thereof, or $4, whichever is greater. In every location and upon every mobile…

§ 2743. Books, accounts and records of licensee. Each licensee under this chapter shall keep and use in the business such books, accounts, and records as the State Bank Commissioner requires to carry into effect this chapter and the rules and regulations made by the Commissioner …

§ 2744. Limitations on business [Repealed].Code 1935, § 2408H; 46 Del. Laws, c. 287, § 1; 5 Del. C. 1953, § 2744; 72 Del. Laws, c. 15, § 40; repealed by 80 Del. Laws, c. 225, § 11, effective May 9, 2016.;

§ 2745. Violations and penalties. (a) Whoever violates this chapter shall be fined not more than $500 or imprisoned not more than 1 year, or both. (b) Any person who suffers a loss due to a violation of this chapter by another shall have a private cause of action against such per…