5 Del. C. § 3551: Examination authority [For application of this section, see 85 Del. Laws, c. 339, § 2].
Where this section sits in the code
- Title 5. Banking
- Other Businesses Under Jurisdiction of State Banking Department
- CHAPTER 35. Delaware Payment Stablecoins Act [For application of this chapter, see 85 Del. Laws, c. 339, § 2]
- Subchapter IX. Examination, Enforcement, and Insolvency [For application of this subchapter, see 85 Del. Laws, c. 339, § 2]
(a) The Commissioner may examine each permitted payment stablecoin issuer licensed under this chapter as frequently as the Commissioner deems necessary or expedient.
(b) For issuers with an outstanding issuance value exceeding $1,000,000,000, the Commissioner shall conduct a full examination at least annually.
(c) In conducting examinations under this section, the Commissioner has access to every part of the issuer’s offices and place of business, and to the issuer’s assets, records, books, data systems, and personnel.
(d) The Commissioner may conduct joint or coordinated examinations with the primary federal payment stablecoin regulator or the financial regulatory authority of another state.
(e) An examined issuer shall pay the reasonable costs of any examination conducted under this section, as determined by the Commissioner by regulation.
Collected 2026-09-05T23:02:05Z. Source file · JSON