For which purpose may the Delaware Commissioner use investigation/examination authority under section 2417?
Correct Answer
D) Initial licensing, license renewal, suspension, conditioning, revocation, termination, public reprimand, or compliance inquiry
Delaware section 2417 lists licensing, renewal, suspension, conditioning, revocation, termination, reprimand, and compliance inquiries as purposes for investigation and examination authority.
Why This Is the Correct Answer
Delaware section 2417 lists licensing, renewal, suspension, conditioning, revocation, termination, reprimand, and compliance inquiries as purposes for investigation and examination authority.
Why the Other Options Are Wrong
Option A: Only after a final criminal conviction
The authority is not limited to post-conviction situations.
Option B: Only to set property tax assessments
Property tax assessment is not the section 2417 MLO purpose.
Option C: Only to approve real estate salesperson licenses
Real estate salesperson licensing is outside this MLO chapter authority.
Memory Technique
DE-C039 -> Delaware-prohibited-acts-and-enforcement
Exam Tip
The Commissioner can examine at multiple lifecycle points.
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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