Thank you for your interest in obtaining a Motor Vehicle Sales Finance License in Delaware. We have included links to the following documents for your convenience. You may print the application and return it to the Office of the State Bank Commissioner with the appropriate documents. The Delaware Code is available to help answer any questions you may have.
The following regulations may be obtained through the Registrar of Regulations web site.
Regulation No. 101 – Retention of Financial Institution Records
Regulation No. 2901 – Motor Vehicle Sales Finance Companies Operating Regulations
Regulation No. 2902 – Motor Vehicle Sales Finance Companies Minimum Requirements for Content of Books and Records
Regulation No. 2903 – Report of Delaware Loan Volume Motor Vehicle Installment Contracts
Regulation No. 2904 – Report of Delaware Assets
Section 144, Title 5 of the Delaware Code – limits the use of the words “savings” or “trust” in the names of non-depository institutions licensed under this Chapter.
Section 102, Title 8 of the Delaware Code – limits the use of the word “bank” in the names of non-depository institutions licensed under this Chapter.
If you have any questions, please contact Carole Hoffecker, Lead Investigator.