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DE SB298

Bill

Official Source

Status

Engrossed

7/1/2016

Primary Sponsor

Colin Bonini

Click for details

Origin

Senate

148th General Assembly

AI Summary

  • Licensees must accept any payment in excess of $5 at any time prior to repossession of the motor vehicle.

  • Licensees must release the motor vehicle title in a timely manner when the title loan is paid in full.

  • Licensees may charge only expenses actually incurred in the repossession and disposal of the motor vehicle.

  • Licensees are prohibited from charging storage fees upon repossession of the motor vehicle.

Legislative Description

An Act To Amend Title 5 Of The Delaware Code Relating To Title Loans.

Last Action

Passed by Senate. Votes: Passed 20 YES 1 NO 0 NOT VOTING 0 ABSENT 0 VACANT

7/1/2016

Committee Referrals

Banking and Business6/29/2016

Full Bill Text

No bill text available