(a) The Commissioner shall collect and submit the following information to the Banking Committee of the Senate and the Economic Development/Banking/Insurance/Commerce Committee of the House of Representatives on or before March 15 of each year:
(1) The total number and dollar amount of short-term consumer loan transactions;
(2) The total number of individual borrowers who entered into short-term consumer loan transactions along with their gross monthly income;
(3) The minimum, maximum, and average amount of short-term consumer loan transactions;
(4) The minimum, maximum, and average annual percentage rate of short-term consumer loans;
(5) The average number of days a short-term consumer loan is outstanding;
(6) The number of borrowers entering into each permissible number of short-term consumer loans, 1 transaction to 5 transactions;
(7) The default rate on short-term consumer loans;
(8) Any other information that the commissioner believes is relevant or useful; and
(9) Any other information requested by the banking committees at least 60 days before the Commissioner’s report is due.
(b) The Commissioner shall require the database operator and licensees to submit any and all information necessary for the Commissioner to prepare the report referenced in subsection (a) of this section.
78 Del. Laws, c. 278, § 4; 70 Del. Laws, c. 186, § 1.
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