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Which conduct violates Delaware’s prohibited-acts section by failing to handle funds properly?

Correct Answer

B) Failing to truthfully account for monies belonging to a party to a residential mortgage loan transaction

Delaware Code prohibits failing to truthfully account for monies belonging to a party to a residential mortgage loan transaction.

Answer Options
A
Clearly disclosing required fees
B
Failing to truthfully account for monies belonging to a party to a residential mortgage loan transaction
C
Using the correct NMLS identifier
D
Updating the application journal

Why This Is the Correct Answer

Delaware Code prohibits failing to truthfully account for monies belonging to a party to a residential mortgage loan transaction.

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