Under Delaware Code section 2415, what determines the penal sum of the MLO surety bond?
Correct Answer
C) The dollar amount of loans originated as determined by the Commissioner
Delaware section 2415 states that the penal sum of the surety bond must be maintained in an amount that reflects the dollar amount of loans originated as determined by the Commissioner.
Why This Is the Correct Answer
Delaware section 2415 states that the penal sum of the surety bond must be maintained in an amount that reflects the dollar amount of loans originated as determined by the Commissioner.
More UST Questions
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