{"data":{"id":"us-de/5-del.-c.-2245","jurisdiction":"us-de","citation":"5 Del. C. § 2245","heading":"Mortgage loan modification services; compensation.","body":"(a) As used in this section, unless the context requires otherwise, “mortgage loan” has the meaning set forth in § 2101 of this title.\n(b) As used in this section, unless the context requires otherwise, “mortgage loan modification services” means services as an intermediary between an individual and 1 or more mortgage loan creditors for the purpose of obtaining:\n(1) Assent to the repayment of a mortgage loan on terms more favorable to the individual than the terms of the original mortgage loan; or\n(2) An arrangement to delay, prevent, remedy, eliminate or discharge any default on the terms of a mortgage loan, or the sale of any property incident to a foreclosure or other judicial proceeding based on a mortgage loan.\n(c) A licensee may not receive any compensation for mortgage loan modification services prior to the execution of a written contract that describes in detail all such services that the licensee will perform and all compensation that the licensee will receive for those services. Any compensation received by a licensee in advance of the completion of all such services may not exceed $250.\n(d) The total compensation that a licensee receives for mortgage loan modification services must be limited to an amount that is customary and reasonable for those services in this State.","path":["Title 5. Banking","Other Businesses Under Jurisdiction of State Banking Department","CHAPTER 22. Licensed Lenders","Subchapter IV. Prohibitions and Penalties"],"source_url":"https://delcode.delaware.gov/title5/c022/sc04/index.html#2245","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:05Z","sha256":"436fb375cf203fdae089f203615a798533188da772dab7fa4a6f9738a78c5f0b","source_id":"us-de","stale":true,"prev":"us-de/5-del.-c.-2244","next":"us-de/5-del.-c.-2250"},"notice":"GroundRules: Original legal text. Not legal advice."}