Delaware Administrative Code
Title 5 - Banking
2200 - Licensed Lenders
2210 - Short-Term Consumer Loans
Section 2210-5.0 - Fees
Universal Citation: 5 DE Admin Code 2210-5.0
Current through Register Vol. 28, No. 3, September 1, 2024
5.1 In addition to the annual license fee required by 5 Del.C. § 2203 (b), each licensee making short-term consumer loans shall pay an annual high-cost loan license fee surcharge of $1,500 for each licensed office.
5.2 Each licensee making short-term consumer loans shall pay a database fee for each transaction that the licensee submits to the database.
5.2.1 The database fee shall be paid directly to the operator of the database, as agent of the Commissioner.
5.2.2 Licensees shall not charge customers for the database fee.
5.3 The Commissioner shall establish the database fee as authorized by 5 Del.C. § 2235B (e)(4).
5.3.1 The database fee must reasonably reflect the costs necessary to defray the expenses associated with administering the provisions of 5 Del.C.
§
2235B.
5.3.2 The Commissioner may revise the amount of the database fee as required from time to time based upon changes to those expenses.
5.3.3 The Commissioner shall promptly notify all licensees in advance of any revisions to the amount of the database fee.
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