Delaware Office of the State Bank Commissioner

Requirements Checklist

Online

$600 + $15 credit report fee

Online

$250

• Licenses expire on December 1 of each year. Licensees are recommeded to renew by November 1.
• Licenses issued in November or December remain valid through the next renewal period.

Requirements Checklist

Online

$520 + $15 credit report fee

Online

$250

• Licenses expire on December 1 of each year. Licensees are recommeded to renew by November 1.
• Licenses issued in November or December remain valid through the next renewal period.

Requirements Checklist

Online

$30 + $250 license/registration fee + $250 application fee + $15 credit report fee + $36.25 background check fee

Online

$250

• Licenses expire on December 1 of each year. Licensees are recommeded to renew by November 1.
• Licenses issued in November or December remain valid through the next renewal period.

Motor Vehicle Sales Finance License Application

Mail

• $287.50 investigation fee (submitted with application)
• $287.50 license fee per location (submitted upon approval of application)

• Board Resolutions, if applicable (Corporations only)
• List of all principals, senior officers, senior management, owners, and principal members with full names, titles, residence addresses, business addresses, dates of birth, and occupation(s)
• List of all directors with full names, titles, residence addresses, business addresses, dates of birth, occupation(s), and date term expires (Corporations only)
• Personal resumes and personal financial statements for all principal officers, directors, senior management, individual members, individual partners, principal members, and owners
  • Sole Proprietorships do not need to provide a financial statement
• List of all individuals and businesses with an ownership interest in the applicant, including full name, residential address, business address, number of shares held, and percentage of ownership
  • if the applicant is a subsidiary of the parent company you must provide the entire ownership chain up to the ultimate owner
• Balance Sheet and Income Statement (profit/loss) dated within the last 6 months
• Balance Sheet and Income Statement (profit/loss) dated within the last 6 months for businesses that are members of the applicant (LLCs only)
• If the applicant's capital stock is owned in whole or in part by a parent company, a Balance Sheet and Income Statement (profit/loss) dated within the last 6 months of the parent company
• Schedule Listing of any person whose stockholdings are held in a name other than the stockerholder's real name with address, holding, and beneficial owner of stock (Corporations only)
• Proof of registration with the Delaware Divison of Corporations
• Schedule of Details if answering yes to questions 13, 14, or 15
• Photocopies of legal documents pertaining to the matter if answering yes to question 15
• Affidavit of individuals who questions 13, 14, or 15 are applicable if the applicant can't swear to the truth on their behalf
• Detailed Business Plan describing activities of business in which applicant intends to engage
• List all products offered and attach copies of letters from the Banking Commissioner authorizing the listing of the products, if applicable
• List of other states where applicant is transacting business and nature of business transacted
  • Submit name of regulatory agency, address, telephone number, contact name, and email for each state listed
• 3 letters of reference from businesses currently doing business with the applicant company (one must be a bank)
  • These references must be sent directly to the Office of the State Bank Commissioner via US Mail
• Submit copies of requesting these references with the application
• Surety Bond
• Copies of all documents to be used in the conduct of business in Delaware

$287.50 per location

Licenses expire annually on December 31. Renewal applications must be received by November 30.