§ 2310. | § 2311. | § 2312. | § 2313. | § 2314. | § 2315.
No person shall carry on the business of a pawnbroker, secondhand dealer or scrap metal processor without first having taken out a license and duly qualified as provided in this chapter. (24 Del. Laws, c. 162, § 13; Code 1915, § 1208; Code 1935, § 1394; 24 Del. C. 1953, § 2302; 75 Del. Laws, c. 284, § 1.)
§ 2311. Licenses; qualifications; issuance by State Police.
The State Police shall annually on or before March 15 grant licenses to such persons, citizens of this State and companies existing under the laws of this State to engage in and carry on the business of pawnbroker, secondhand dealer or scrap metal processor.
The licenses shall designate the building in which the person or company shall carry on the business. No person or company shall engage in or carry on the business of pawnbroker, secondhand dealer or scrap metal processor in any other building than the one designated in the license. This prohibition does not apply to the acquisition of goods by a pawnbroker, secondhand dealer or scrap metal processor.
The State Police may revoke a license for violations of this chapter in accordance with standards set by the Secretary of the Department of Safety and Homeland Security. The Secretary of the Department of Safety and Homeland Security shall also promulgate rules and regulations governing the revocation of a license, an appeal process and reinstatement. (24 Del. Laws, c. 162, § 1; Code 1915, § 1196; Code 1935, § 1382; 46 Del. Laws, c. 136, § 1; 24 Del. C. 1953, § 2303; 70 Del. Laws, c. 186, § 1; 75 Del. Laws, c. 284, § 1.)
(a) Every person receiving a license for conducting the business of pawnbroker shall pay the State Police $50 to go to the State's General Fund.
(b) Every person receiving a license for conducting the business of secondhand dealer shall pay the State Police $50 to go to the State's General Fund.
(c) Every person receiving a license for conducting the business of scrap metal processor shall pay the State Police $50 to go to the State's General Fund. (24 Del. Laws, c. 162, § 2; Code 1915, § 1197; Code 1935, § 1383; 46 Del. Laws, c. 137, § 1; 24 Del. C. 1953, § 2304; 75 Del. Laws, c. 284, § 1.)
§ 2313. Pawnbroker's insurance.
Every person applying for a license to conduct the business of a pawnbroker shall first effect an insurance policy against fire for $50,000 for the protection of goods, pawned or pledged. (24 Del. Laws, c. 162, § 4; Code 1915, § 1199; Code 1935, § 1385; 24 Del. C. 1953, § 2306; 75 Del. Laws, c. 284, § 1.)
The State Police shall maintain an annual report setting forth the list of licensed pawnbrokers, secondhand dealers and scrap metal processors in this State and their respective addresses and contact information. (24 Del. Laws, c. 162, § 5; Code 1915, § 1200; 28 Del. Laws, c. 81, § 1; Code 1935, § 1386; 47 Del. Laws, c. 263, § 1; 24 Del. C. 1953, § 2313; 70 Del. Laws, c. 186, § 1; 75 Del. Laws, c. 284, § 1.)
No person conducting the business of a pawnbroker shall ask, demand or receive a greater rate of interest than 3 percent per month on any loans secured by pledge of personal property. (24 Del. Laws, c. 162, § 8; Code 1915, § 1203; 30 Del. Laws, c. 83, § 1; Code 1935, § 1389; 24 Del. C. 1953, § 2308; 75 Del. Laws, c. 284, § 1.)
NOTICE: The Delaware Code appearing on this site was prepared by the Division of Research of Legislative Council of the General Assembly with the assistance of the Government Information Center, under the supervision of the Delaware Code Revisors and the editorial staff of LexisNexis, includes all acts up to and including 76 Del. Laws, c. 421, effective August 21, 2008.
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