Delaware Pawnbrokers and Secondhand Dealers; Licensing

Title 24. Professions and Occupations
Chapter 23. Pawnbrokers, Secondhand Dealers and Scrap Metal Processors
Subchapter II. Licensing
§ 2310. License required
§ 2311. Licenses; qualifications; issuance by State Police
§ 2312. License fees
§ 2313. Pawnbroker's insurance
§ 2314. Annual state report
§ 2315. Rate of interest

Title 24. Professions and Occupations
Chapter 23. Pawnbrokers, Secondhand Dealers and Scrap Metal Processors
Subchapter II. Licensing
§ 2310. License required
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.

Title 24. Professions and Occupations
Chapter 23. Pawnbrokers, Secondhand Dealers and Scrap Metal Processors
Subchapter II. Licensing
§ 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 1 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 suspend or revoke a license for a violation of this chapter or regulations promulgated thereunder by the Secretary of the Department of Safety and Homeland Security.

Title 24. Professions and Occupations
Chapter 23. Pawnbrokers, Secondhand Dealers and Scrap Metal Processors
Subchapter II. Licensing
§ 2312. License fees
 (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.
(d) Every person receiving a license for conducting the business of pawnbroker, secondhand dealer or scrap metal processor, shall annually pay a reasonable subscription fee, not to exceed $300, to the electronic reporting system designated by the Secretary of the Department of Safety and Homeland Security.

Title 24. Professions and Occupations
Chapter 23. Pawnbrokers, Secondhand Dealers and Scrap Metal Processors
Subchapter II. Licensing
§ 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.

Title 24. Professions and Occupations
Chapter 23. Pawnbrokers, Secondhand Dealers and Scrap Metal Processors
Subchapter II. Licensing
§ 2314. Annual state report
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.

Title 24. Professions and Occupations
Chapter 23. Pawnbrokers, Secondhand Dealers and Scrap Metal Processors
Subchapter II. Licensing
§ 2315. Rate of interest
No person conducting the business of a pawnbroker shall ask, demand or receive a greater rate of interest than 30 percent per month on any loans secured by pledge of personal property.

Del. Code Ann. tit. 24, §§ 2310 - 2315