Title 2: Tables
ยง 100: Tables
- 2.1
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Each licensee shall obtain a surety bond or irrevocable letter of credit in an amount that correlates with the licensee’s volume of Delaware lending for the year ending December 31 that precedes the effective year of the license under 5 Del.C. Ch. 22. A licensee who obtains a surety bond that is effective for more than one year or an irrevocable letter of credit shall annually review the amount of the surety bond or irrevocable letter of credit as of December 31 of each year to ensure that the minimum required amount is maintained. The minimum required amount of the surety bond or irrevocable letter of credit shall be maintained according to the following table:
Annual Volume of Delaware Loans Minimum Required Amount of Surety Bond or Irrevocable Letter of Credit not more than $23,000,000 $50,000 $23,000,001 - $35,000,000 $75,000 $35,000,001 - $47,000,000 $100,000 $47,000,001 - $59,000,000 $125,000 $59,000,001 - $71,000,000 $150,000 $71,000,001 - $83,000,000 $175,000 - 2.2
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The Commissioner may require a licensee to obtain a larger surety bond or irrevocable letter of credit based upon the licensee’s individual circumstances.
Category Dates Cost Thai Food Dec 20 $10.00 Sushi Jan 1 $100.00 Burgers Mar 23 $9.00 - 2.3
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The Commissioner may require a licensee to obtain a larger surety bond or irrevocable letter of credit based upon the licensee’s individual circumstances.
Some text More Text A nice chunk of text With even more text Text is normally left aligned Because we like typography here - 2.1