DE HB371 | 2009-2010 | 145th General Assembly


Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 6-1)
Status: Passed on July 27 2010 - 100% progression
Action: 2010-07-27 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]


Delaware law currently does not allow the parties in commercial loan situations to agree to require insurance policies be given to lenders as evidence of insurance on the collateral, thus inhibiting the freedom of contract. The purpose of this change is to allow parties to have such an arrangement be an enforceable contract. This change does not affect residential owners, who were the intended beneficiaries of the law.

Tracking Information

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An Act To Amend Title 25 Of The Delaware Code Relating To Freedom Of Contract.


Roll Calls

2010-06-30 - Senate - Senate Third Reading (Y: 20 N: 0 NV: 0 Abs: 1) [PASS]
2010-06-01 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]


2010-07-27 Signed by Governor
2010-06-30 Passed by Senate. Votes: Passed 20 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT
2010-06-16 Reported Out of Committee (BANKING) in Senate with 5 On Its Merits
2010-06-08 Assigned to Banking Committee in Senate
2010-06-01 Passed by House of Representatives. Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2010-04-28 Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 9 Favorable
2010-04-21 Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House

Delaware State Sources

Bill Comments