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A manager at a Delaware originating entity supervises MLOs but does not communicate directly with customers. Under Delaware’s definition page, how is the manager treated?

Correct Answer

C) The manager is not deemed an MLO solely on that supervisory role

Delaware states that an officer or manager that supervises MLO activities and does not communicate directly with customers is not included in the MLO definition on that basis.

Answer Options
A
The manager is automatically an MLO because all supervisors are MLOs
B
The manager must be an MLO because customer communication is irrelevant
C
The manager is not deemed an MLO solely on that supervisory role
D
The manager becomes an MLO only because the company is an originating entity

Why This Is the Correct Answer

Delaware states that an officer or manager that supervises MLO activities and does not communicate directly with customers is not included in the MLO definition on that basis.

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