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 Posted: Tue Feb 06, 2007 6:04 pm Subject: delaware law |
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Does anyone have the link where you can look up fees by state. seen it posted on one of these forums but cant find it now. I found Pa through it once, having no luck here. I want to look up delaware law, their state page dances around too much. Want to go directly to what fees they are allowed to charge. It was a large site that you could link to any state, anyone know it?
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fedupinpa
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Joined: 22 Jan 2007
Posts: 1666
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| Posted: Tue Feb 06, 2007 6:06 pm Subject: |
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| Quote: | Legal Status: Permitted under small loan act or licensing law - Legal
Citation:
Del. Code Ann. tit. 5 § 2227 et seq.; Del. Code. Ann. tit. 5 § 2744
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 60 days
Maximum Finance Rate and Fees: Not Specified
Finance Charge for 14-day $100 loan: No Limit
apr for 14-day $100 loan: No Limit
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified ($1000 aggregate loans outstanding to all licensees)
Rollovers Permitted: Four (rollovers)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees:
Criminal Action:
Where to Complain, Get Information:
Regulator: Delaware Office of the State Bank Commissioner
Address: 555 E. Loockerman Street Suite 210 Dover, DE 19901
Phone: (302) 739-4235
Fax: (302) 739-3609
Regulatory Contact: , Administrator, Non-Depository Institutions and Compliance
http://www.state.de.us/bank/ |
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NotsoLucky
Joined: 02 Nov 2005
Posts: 3154
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| Posted: Wed Feb 07, 2007 4:22 am Subject: wow |
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They may as well not even wasted the ink to print that one out. So when it comes to a screwing there is basically no protection in delaware huh? I am dealing with checkngo online, I suppose that they won't deal with the pa law at all. they are financed by the first bank of delaware.
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fedupinpa
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Posts: 1666
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| Posted: Wed Feb 07, 2007 4:27 am Subject: Is there a list of lenders in delaware that |
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Is there a list of licensed lenders in delaware, I know they are not licensed in the state of Pa where I am from. I thought about revoking the ACH but dont know if they will set up a payment plan with me or not once the loan went into default. I am having a hard time with them. any advice would be appreciated. This is an installment loan, not a payday loan.
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fedupinpa
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Joined: 22 Jan 2007
Posts: 1666
Debtcc Points: 21403
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texasconsumeractivist
Debt Samaritan
Joined: 23 Jan 2007
Posts: 680
Debtcc Points: 553
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| Posted: Wed Feb 07, 2007 7:38 am Subject: |
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about a year ago I had a default at Check and Go.. ( online) and they let me make payments..They would not talk to me until the payment was returned., But try.. they seemed easy to deal with...
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Poptartsmom
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Joined: 19 Oct 2006
Posts: 408
Debtcc Points: 11600
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| Posted: Wed Feb 07, 2007 12:12 pm Subject: Update on First Bank of Delaware |
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rtoonline.com/Content/Article/Feb06/DelewareBankOrderedToCeasePaydayLo anProgram022106.asp They have been ordered to stop using themselves as underwriters of payday and installment loans.
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PDLInvestigator
Joined: 24 Feb 2006
Posts: 148
Debtcc Points: 4315
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| Posted: Thu Feb 08, 2007 4:33 am Subject: pdl.never.again |
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Was this an online installment loan or a regular payday loan?
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fedupinpa
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Posts: 1666
Debtcc Points: 21403
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| Posted: Thu Feb 08, 2007 4:39 am Subject: PDL investigator |
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Could you send me the entire link for the above mentioned cease and desist order, I looked for it online and can not locate it with the link you put in your reply.
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fedupinpa
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Joined: 22 Jan 2007
Posts: 1666
Debtcc Points: 21403
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| Posted: Thu Feb 08, 2007 10:51 am Subject: As requested link |
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As requested,
Great article (www.rtoonline.com/Content/Article/Feb06/DelewareBankOrderedToCeasePay dayLoanProgram022106.asp)
Link made inactive as per forum rules - Mike
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PDLInvestigator
Joined: 24 Feb 2006
Posts: 148
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| Posted: Thu Feb 08, 2007 11:55 am Subject: |
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thank you pdl!
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texasconsumeractivist
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Posts: 680
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