5 Del. C. § 2332: Transition period [For application of this section, see 85 Del. Laws, c. 338, § 3].

(a) Except as provided in subsection (b) of this section, a licensee in this State engaging in the business of money transmission is exempt from the provisions of this chapter, to the extent the provisions conflict with current law or establish new requirements not imposed under current law, until the licensee renews its current license or until July 7, 2027, whichever is later.

(b) A licensee is only required to amend its authorized delegate contracts for contracts entered into or amended after July 6, 2026, or the completion of any transition period contemplated under subsection (a) of this section. This section does not limit an authorized delegate’s obligations to operate in full compliance with this chapter as required by § 2325(c) of this title.

(c) A person providing payroll processing services in this State without a license is not in violation of § 2304(a) of this title if the person applies for a license by April 1, 2027.