5 Del. Admin. Code § 2201-1.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 2201-1.0 - Applicability of Chapter

1.1 5 Del.C. Ch. 22 applies only to consumer credit transactions, including but not limited to, extensions of credit secured by one to four family residential, owner-occupied property located in this State intended for personal, family, or household purposes.

1.2 5 Del.C. Ch. 22 does not apply to:

1.2.1 mortgage loans secured by any property of 25 acres or more;

1.2.2 mortgage loans intended for commercial purposes; and

1.2.3 lending that requires a license under 5 Del.C. Ch. 29, Financing the Sale of a Motor Vehicle.

5 Del. Admin. Code § 2201-1.0

17 DE Reg. 994 (4/1/2014) (Final)