OCCUPATIONAL LICENSES - REDEFINING FINANCE ACCEPTOR
AN ACT TO AMEND CHAPTER 14, VOLUME 41, LAWS OF DELAWARE, 1937, RELATING TO OCCUPATIONAL LICENSES BY REDEFINING FINANCE ACCEPTOR.
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
Section 1. That Section 5, 195. Sec. 161. of Chapter 14, Volume 41, Laws of Delaware, 1937, be and the same is hereby amended by striking out the paragraph thereof defining "Finance Acceptor" and by inserting in lieu thereof a new paragraph as follows:
"Finance Acceptor, Twenty-five Dollars ($25.00). Finance Acceptor shall include every person engaged in the business of lending money on automobiles, radios and other articles of tangible personal property, the title to which is taken as security by the lender and repayments of the loans are made by installments or otherwise, but shall not include, either in reference to future or past transactions, banks or trust companies authorized to do banking business in Delaware under the provisions of Chapter 66, Revised Code of Delaware, 1935, as amended."
Approved March 12, 1951.