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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.

Answer Options
A
It is paid through NMLS at initial application instead of the investigation fee
B
It is due only once, after the MLO closes the first Delaware loan
C
It replaces the surety bond requirement
D
It 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.

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