Personal loans in Delaware
Consumer lending in Delaware is regulated by the Delaware Office of the State Bank Commissioner. Below are the sourced rules that affect what a lender can charge you, followed by the cities we cover.
Lending rules in Delaware
| Payday lending | Permitted and regulated — maximum loan amount: $1,000; maximum loan term: Less than 60 days. Finance charges: A licensee may charge and collect interest in respect of a loan at such daily, weekly, monthly, annual or other periodic percentage rate or rates as the agreement governing the loan provides or as established in the manner provided in such agreement and may calculate such interest by way of simple interest or such other method as the agreement governing the loan provides. If the interest is precomputed it may be calculated on the assumption that all scheduled payments will be made when due. For purposes hereof, a year may but need not be a calendar year and may be such period of from 360 to 366 days, including or disregarding leap year, as the licensee may determineSource: National Conference of State Legislatures · as of 2023 |
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| Small-loan / installment licensing | Consumer lenders must obtain a state license (Yes). Statutory basis: Del. Code Ann. tit. 5, §§ 2201 et seq. Licensing administered through NMLS: No.Source: Conference of State Bank Supervisors · as of 2026 |
| Interest rate cap (usury limit) | Usury limit: 5% over the Federal Reserve Discount rate (6 Del. C. § 2301). Finance rates and fees for licensed lenders: Rate agreed to by the parties. CSBS 50-state survey of consumer finance laws; state-verified usury catalog.Source: Conference of State Bank Supervisors · as of 2026 |
| Consumer lending regulator | Consumer lenders in Delaware are licensed and supervised by the Delaware Office of the State Bank Commissioner.Source: Conference of State Bank Supervisors · as of 2026 |
| Debt collection rules | Third-party debt collectors must comply with the federal Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq.; state consumer-protection and debt-collection enforcement is handled by the Delaware Department of Justice. The FDCPA expressly authorizes state attorneys general to enforce it (15 U.S.C. § 1692l). Some states also require collection agencies to be licensed.Source: Delaware Department of Justice · as of 2026 |
| Military lending protections | The federal Military Lending Act (MLA) caps the Military Annual Percentage Rate (MAPR) at 36% for consumer credit extended to active-duty service members, their spouses and certain dependents, and bars mandatory arbitration and prepayment penalties on covered loans. Federal protection that applies nationwide, including in this state.Source: Consumer Financial Protection Bureau · as of 2024 |
| Complaint / licensing lookup | Check whether a lender holds a state license through NMLS Consumer Access (nmlsconsumeraccess.org) or the Delaware Office of the State Bank Commissioner; consumers can file complaints with the Delaware Office of the State Bank Commissioner or the CFPB at consumerfinance.gov/complaint.Source: Nationwide Multistate Licensing System (NMLS) Consumer Access · as of 2026 |
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Cities in Delaware
DoverWilmingtonNewarkMiddletownBearGlasgowBrooksideHockessinSmyrnaPike Creek ValleyMilfordClaymontWilmington ManorNorth StarSeafordPike CreekGeorgetownEdgemoorMillsboroElsmereNew CastleHighland AcresLaurelClaytonCamdenRising Sun-LebanonHarringtonLewesMiltonDover Base HousingLong NeckSelbyvilleGreenvilleTownsendOcean ViewBridgevilleDelmarRiverviewDelaware CityWoodside EastMillvilleKent AcresCheswoldWyomingRodney VillageGreenwoodRehoboth BeachBellefonteNewportSt. GeorgesFeltonFrankfordDagsboro
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