Motor Vehicle Financing
A non-depository license from the State Bank Commissioner
The Office of the State Bank Commissioner licenses and regulates hundreds of non-bank businesses that provide financial services in Delaware. Businesses engaged in Financing the Sale of Motor Vehicles are licensed to lend money to consumers through retail installment contracts for the purpose of purchasing a motor vehicle.
Division: Bank Commissioner
1 year, after initial license period. Application due by 12/1 each year. Renewal process begins in August. Applications are mailed to companies in August. Applications are available online beginning in September.
Renewal forms are available via the Bank Commissioner's site, from early September through the end of January at: http://banking.delaware.gov/applicense/renewals.shtml
Applicable Rules and Regulations
This search covers most of the frequently requested licenses, certifications, registrations, and filings that the State of Delaware requires. However, this is not a fully exhaustive list of every possible requirement. Please consult with the appropriate state agencies to find out if there are additional requirements you must fulfill.