Be it enacted by the General Assembly of the State of Delaware:
Section 1. Section 702, Title 19, Delaware Code, is repealed and a new section is enacted to read as follows:
§ 702. Order on employer to pay employee's loan carrying excessive interest rate; penalty for payment
No employer in this State shall knowingly pay any warrant or order, issued by any employee against his salary and intended to be in payment or part payment of any indebtedness due any person for borrowed money, in cases where a greater rate of interest than lawful has been received or charged for such borrowed money.
Any employer, whether an individual, member of a firm, agent, or officer of a corporation, who shall knowingly violate the provisions of this section, shall be fined not less than $100 nor more than $500, and in the default of payment of such fine, together with the costs, may be imprisoned for not more than 6 months.