After a Delaware MLO application is approved, which fee does the applicant pay directly to the Office of the State Bank Commissioner rather than through NMLS, according to Delaware guidance?
Correct Answer
C) $250 licensing fee
Delaware guidance says that if the application is approved, the applicant pays a $250 licensing fee directly to the Office of the State Bank Commissioner, not through NMLS.
Why This Is the Correct Answer
Delaware guidance says that if the application is approved, the applicant pays a $250 licensing fee directly to the Office of the State Bank Commissioner, not through NMLS.
Why the Other Options Are Wrong
Option A: $30 NMLS processing fee
The $30 NMLS processing fee is paid through NMLS at application.
Option B: $500 supervisory assessment billed each July
The $500 supervisory assessment is an annual assessment billed directly by the Office each July, not the post-approval licensing fee.
Option D: $25,000 surety bond amount
The surety bond amount is not the post-approval licensing fee.
Memory Technique
DE-C008 -> Delaware-application-fees-and-background
Exam Tip
The Delaware approval step changes where the licensing fee is paid.
Common Mistakes to Avoid
- -Importing another state requirement into Delaware
- -Confusing NMLS baseline requirements with Delaware-specific rules
- -Treating operational assumptions as legal authority
More UST Questions
In a pricing desk question, an audit analyst sees facts tied to Prohibited Misrepresentation. What should the file reflect?
An applicant previously had an MLO license revoked by a state regulator. Under the SAFE Act minimum standards for a new state-licensed MLO license, which statement is correct?
Which statement correctly distinguishes a license suspension from a license revocation?
A state regulator has issued an order suspending an MLO's authority effective immediately. The MLO has filed an appeal, but no stay has been granted. What should the MLO do?
An MLO license application asks whether the applicant has been the subject of a regulatory order. The applicant has a recent consent order that falls within the question. What is the proper response?
Why does NMLS maintain licensing and enforcement information that participating regulators can access?
A regulator issues a final license suspension without giving the MLO notice of the alleged violation or any opportunity to respond, even though applicable law requires both. What issue is presented?
A regulator finds that an MLO charged consumers prohibited fees. Which set of actions is consistent with the enforcement tools contemplated by Regulation H?
An MLO's license status in NMLS changes to suspended, with no stay or reinstatement shown. What is the immediate operational effect?
Which fact most directly supports disciplinary action against an MLO rather than merely a request for additional application information?
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