A guide to Payday Loans in Delaware, USA. 

What are the Citation (s) to Payday Loan or Small Loan Laws in Delaware?
A: The relevant citation regarding Payday Loans in the Delaware State Jurisdiction is Del. Code Ann. tit. 5 § 2227 et seq.; Del. Code. Ann. tit. 5 § 2744

Q: Are Payday Loans legal in Delaware? 
A: Yes Payday Loans are legal in Delaware (Permitted under small loan act or licensing law) 

Q: What is the Maximum Cash Advance Loan Amount in Delaware?
A: The maximum Cash Advance or Payday Loan amount is $500. 

Q: What is the Payday Loan Term in Delaware?
A: The maximum Payday Loan Term in Delaware is 60 days. 

Q: What is the Maximum Finance Rate and Fee for Cash Advance Loans in Delaware?
A: The Maximum finance rate and fee for Cash Advance Loans in Delaware is not specified. 

Q: What is the Finance charge for 14-day $100 payday loan in Delaware State?
A: There is no limit on the Finance charge for 14-day $100 payday loan in Delaware. 

Q: What is the APR for 14-day $100 payday loan in Delaware State?
A: There is no limit on the APR charge for 14-day $100 payday loan in Delaware. 



Q: Is there a limit on the number of payday loans I can take at one time? 
A: It is not specified how many payday loans you can take at one time, but the total amount due to all lenders must not exceed $1000. 

Q: How many times can the lender rollover my payday loan in Delaware? 
A: The lender can rollover (renew, extend) the payday loan four times. 

Q: If I cannot repay my payday loan can the lender initiate a criminal action? 
A: It is not specified if the lender can initiate a criminal action against the borrower. 

Contact the Department Of Financial Institutions

If you have questions about payday loans please contact the Delaware Department of Financial Institutions at:

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.
Website: http://www.state.de.us/bank/

Where can I find a payday loan store in Delaware? 

You can find the store nearest to your location by simply clicking on this link  loc: Delaware