Delaware Administrative Code
Title 5 - Banking
2200 - Licensed Lenders
2204 - Required Amount of Licensed Lender's Surety Bond or Irrevocable Letter of Credit
Section 2204-1.0 - Bond or Irrevocable Letter of Credit Required
Universal Citation: 5 DE Admin Code 2204-1.0
Current through Register Vol. 28, No. 3, September 1, 2024
Each licensee shall file with the State Bank Commissioner (the "Commissioner") an original corporate surety bond or an irrevocable letter of credit, in a form satisfactory to the Commissioner, in accordance with 5 Del.C. § 2208. The minimum amount of the surety bond or irrevocable letter of credit is based on the factors identified in that section.
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