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A Delaware MLO’s annual Delaware mortgage loan volume is $83,000,001 or more. What minimum surety bond amount applies under Regulation 2401?

Correct Answer

B) $200,000

The Delaware bond table sets a $200,000 minimum surety bond for annual Delaware mortgage loan volume of $83,000,001 and over.

Answer Options
A
$175,000
B
$200,000
C
$150,000
D
$125,000

Why This Is the Correct Answer

The Delaware bond table sets a $200,000 minimum surety bond for annual Delaware mortgage loan volume of $83,000,001 and over.

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