Section 3489 - Prohibitions(a) No account nor any interest in an account may be assignable or pledged or otherwise used to secure or obtain a loan or other advancement.(b) No refund of a qualified educational expense payment may be paid by an education institution directly to the designated beneficiary or to the account owner. Any refund of qualified tuition expenses owed by a education institution on account of an overpayment of educational expenses must be refunded to the Plan for credit to the designated beneficiary's account.(c) A qualified withdrawal that is used to pay for qualified education expenses must be paid jointly to the designated beneficiary and the education institution or directly to the education institution. A payment of qualified education expenses may not be made directly to the beneficiary.(d) Total contributions to all accounts established on behalf of a particular beneficiary in excess of those reasonably necessary to meet the designated beneficiary's qualified education expenses are prohibited.(e) Except as permitted in § 529 of Title 26 of the United States Code [ 26 U.S.C. § 529 ] and regulations thereunder, no person shall have the right to direct the investment of any contributions to or earnings from the Plan.Amended by Laws 2021, ch. 413,s 1, eff. 7/1/2022.Amended by Laws 2015, ch. 295,s 1, eff. 7/1/2016. 71 Del. Laws, c. 71, § 1; 72 Del. Laws, c. 300, § 2; 73 Del. Laws, c. 188, § 2.;