Which facts may Delaware consider when determining an applicant has not shown financial responsibility?
Correct Answer
D) Current outstanding judgments, tax liens, foreclosures, a pattern of seriously delinquent accounts, or certain child-support delinquency
Delaware Regulation 2401 gives examples of financial irresponsibility, including outstanding judgments, tax liens, foreclosures, seriously delinquent accounts, and certain child-support delinquency.
Why This Is the Correct Answer
Delaware Regulation 2401 gives examples of financial irresponsibility, including outstanding judgments, tax liens, foreclosures, seriously delinquent accounts, and certain child-support delinquency.
Why the Other Options Are Wrong
Option A: The applicant’s favorite loan product
Loan-product preference is not the financial responsibility example.
Option B: The applicant’s preferred business-card color
Business-card color is irrelevant.
Option C: Whether the applicant completed PE early
Completing PE early does not erase financial responsibility review.
Memory Technique
DE-C019 -> Delaware-prohibited-acts-and-enforcement
Exam Tip
Financial responsibility is broader than credit score alone.
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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