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A Delaware MLO violates a federal law applicable to business conducted under the Delaware MLO chapter. Can that matter for Delaware discipline?

Correct Answer

D) Yes. Section 2413 includes violations of other state or federal law, rule, or regulation

Delaware section 2413 includes failure to comply with any other law, rule, or regulation of Delaware or the federal government as a discipline ground.

Answer Options
A
No. Delaware may consider only Delaware-only statutes
B
No. Federal law can never affect state MLO discipline
C
Only the borrower can discipline the MLO
D
Yes. Section 2413 includes violations of other state or federal law, rule, or regulation

Why This Is the Correct Answer

Delaware section 2413 includes failure to comply with any other law, rule, or regulation of Delaware or the federal government as a discipline ground.

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