Licensee as a result of a default by the borrower andģ.10 returned check charges and charges for the denial of electronic account debits limited to the amount specified II:ģ.1 interest, including interest at variable rates ģ.2 a periodic charge for privileges made available to the borrower ģ.4 a minimum charge for each scheduled billing period during which there was an outstanding unpaid balance ģ.5 fees for services rendered in good faith by the licensee or its agents in connection with the loan ģ.6 reimbursement for expenses incurred in good faith by the licensee or its agents in connection with the loan ģ.8 attorney fees incurred by the licensee as a result of a default by the borrower ģ.9 court, alternative dispute resolution, or other collection costs (including collection agency fees) incurred by the Licensee receives in advance of the completion of all such services may not exceed $250, and a licensee’s totalĬompensation for such services must be limited to an amount that is customary and reasonable for thoseĪ licensee may collect the following charges for revolving credit as allowed by of 5 Del.C. Perform and all compensation that the licensee will receive for those services. §2245 prior to the execution of a written contract that describes in detail all such services that the licensee will 22 and not prohibited byĪny applicable federal statute or regulation.Ģ.2 Compensation cannot exceed any maximum allowed by any applicable State or federal statute or regulation.Ģ.3 Charges for fees paid to a third-party cannot exceed the amount paid to that party for the particular serviceĢ.4 All forms of compensation that a licensee receives from a customer must be specified in the licensee’sĪgreement with that customer for a licensee to receive payment.Ģ.5 A licensee may not receive any compensation for mortgage loan modification services as defined in 5 Del.C. §2250 shall prominently post its itemization of charges for those loans:ġ.3.1 in plain view in an area easily accessible to its customers at the entrance to every office open to the public ġ.3.2 on any internet website it maintains related to those loans.Ģ.1 A licensee may receive any form of compensation that is allowed under 5 Del.C. §2227 or title loans as defined inĥ Del.C. The applicant must affirmatively acknowledge receipt of the appropriate screens beforeġ.2.3 A Good Faith Estimate issued in accordance with the Federal Real Estate Settlement Procedures Act, asĪmended, satisfies this requirement for real estate secured transactions covered by that statute.ġ.3 Each licensee that provides short term consumer loans as defined in 5 Del.C. §2250.ġ.1.2 For real estate secured transactions, separate itemizations must be prepared for revolving loans andġ.2 Each licensee shall furnish every applicant with a copy of the appropriate itemization of charges when theġ.2.1 An explanation of the contents of the appropriate itemization satisfies this requirement for telephoneġ.2.2 Website screens containing the appropriate itemizations satisfy this requirement for electronicĪpplications. §2227 and title loans as defined in 5 Del.C. Itemization shall clearly identify the specific type of loan to which it applies.ġ.1.1 For closed end transactions, separate itemizations must be prepared for short-term consumer loans asĭefined in 5 Del.C. Each itemization must be dated as of the most recent change in anyĬharge and may contain value ranges to reflect the different costs of credit that may vary with risk or rate. §2250,Īnd real estate secured transactions. §2227, title loans as defined in 5 Del.C. Transactions, short term consumer loans as defined in 5 Del.C. Separate itemizations must be prepared for revolving transactions, closed-end The itemization shall identify all charges that the licensee may collect from its customers for a 1.1 Each licensee shall maintain itemizations of the current charges that the licensee uses in consumer