What does Delaware guidance say about the $500 supervisory assessment fee for MLOs?
Correct Answer
D) It is billed directly by the Office each July and is due no later than August 1
Delaware guidance says the $500 supervisory assessment fee is billed directly by the Office each July and is due no later than August 1.
Why This Is the Correct Answer
Delaware guidance says the $500 supervisory assessment fee is billed directly by the Office each July and is due no later than August 1.
Why the Other Options Are Wrong
Option A: It is paid through NMLS at initial application instead of the investigation fee
The investigation and NMLS processing fees are paid at application through NMLS; the supervisory assessment is billed separately.
Option B: It is due only once, after the MLO closes the first Delaware loan
The source describes an annual assessment billing schedule, not a first-loan trigger.
Option C: It replaces the surety bond requirement
The supervisory assessment does not replace the surety bond requirement.
Memory Technique
DE-C008 -> Delaware-application-fees-and-background
Exam Tip
July billing, August 1 due date, direct Office billing.
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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