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A Delaware MLO’s annual Delaware mortgage loan volume is not more than $11,000,000. What minimum surety bond amount applies under the Delaware table?

Correct Answer

A) $25,000

Under the Delaware Regulation 2401 bond table, annual Delaware mortgage loan volume of not more than $11,000,000 corresponds to a $25,000 minimum surety bond.

Answer Options
A
$25,000
B
$50,000
C
$75,000
D
$100,000

Why This Is the Correct Answer

Under the Delaware Regulation 2401 bond table, annual Delaware mortgage loan volume of not more than $11,000,000 corresponds to a $25,000 minimum surety bond.

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