What is the maximum Delaware civil money penalty per violation under Delaware Code section 2414?
Correct Answer
B) $25,000
Delaware Code section 2414 states that the maximum civil money penalty for each violation or failure to comply is $25,000.
Why This Is the Correct Answer
Delaware Code section 2414 states that the maximum civil money penalty for each violation or failure to comply is $25,000.
Why the Other Options Are Wrong
Option A: $2,500
$2,500 is below the Delaware statutory maximum.
Option C: $50,000
$50,000 is not the maximum stated in section 2414.
Option D: $200,000
$200,000 is a Delaware surety bond table amount, not the civil money penalty maximum.
Memory Technique
DE-C021 -> Delaware-prohibited-acts-and-enforcement
Exam Tip
Do not confuse Delaware bond tiers with civil money penalties.
Common Mistakes to Avoid
- -Importing another state requirement into Delaware
- -Confusing NMLS baseline requirements with Delaware-specific rules
- -Treating operational assumptions as legal authority
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