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DE SB291
Bill
Status
Introduced
6/23/2016
Primary Sponsor
Colin Bonini
Click for details
AI Summary
- Requires title loan licensees to accept any payment over $5 at any time before vehicle repossession
- Mandates timely release of motor vehicle titles once the title loan is fully paid
- Limits repossession and disposal charges to only expenses actually incurred by the lender
- Prohibits title loan lenders from charging storage fees upon vehicle repossession
Legislative Description
An Act To Amend Title 6 Of The Delaware Code Relating To Title Loans
Last Action
Assigned to Banking and Business Committee in Senate
6/23/2016
Committee Referrals
Banking and Business6/23/2016
Full Bill Text
No bill text available