Delphi: Access violation in module ‘bindcomp210.bpl’

I keep getting an “Access violation at address 1204F872 in module ‘bindcomp210.bpl’. Read of address 1423C764” message during Delphi startup.

After poking around I have found the solution: delete the
“Project” and/or “SaveFileDirectory” keys in [HKEY_CURRENT_USERSoftwareEmbarcaderoBDS15.0Session]

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