Delaware General Assembly

CHAPTER 83.

PAWNBROKERS.

AN ACT to amend Chapter 45 of the Revised Code of the State of Delaware In relation to the rate of interest charged by Pawnbrokers.

Be it enacted by the Senate and House of Representatives of the State of Delaware in, General Assembly met:

That Chapter 45 of the Revised Code of the State of Delaware be and the same is hereby amended by repealing 1203, Section 59 and substituting in lieu thereof the following, to be known as 1203, Section 59.

1203. Section 59. No person, corporation or firm so conducting the business of a pawnbroker shall ask, demand or receive a greater rate of interest than three per centum per month on any loans secured by pledge of personal property.

Approved April 10, A. D. 1919.