Which finding can make a Delaware section 2414 enforcement order effective immediately?
Correct Answer
A) The violation or failure represents an immediate danger or substantial harm to the public
Delaware section 2414 allows immediate effectiveness when the Commissioner believes the violation or failure represents immediate danger or substantial harm to the public.
Why This Is the Correct Answer
Delaware section 2414 allows immediate effectiveness when the Commissioner believes the violation or failure represents immediate danger or substantial harm to the public.
Why the Other Options Are Wrong
Option B: The MLO’s loan volume is below $11,000,000
Loan volume affects bond tiers, not immediate order effectiveness.
Option C: The MLO prefers a faster order
MLO preference is not the statutory standard.
Option D: The borrower has not yet chosen insurance
Insurance selection is not the immediate-danger/substantial-harm finding.
Memory Technique
DE-C038 -> Delaware-prohibited-acts-and-enforcement
Exam Tip
For section 2414, the emergency phrase is immediate danger or substantial harm.
Common Mistakes to Avoid
- -Importing another state requirement into Delaware
- -Confusing NMLS baseline requirements with Delaware-specific rules
- -Treating operational assumptions as legal authority
More UST Questions
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