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An individual violates Delaware section 2404 by conducting covered MLO business without the required license. Which penalty provision matters?

Correct Answer

B) Section 2423, because violation of section 2404 is a class A misdemeanor

Delaware section 2423 states that violation of section 2404 is a class A misdemeanor.

Answer Options
A
The CE instructor credit rule only
B
Section 2423, because violation of section 2404 is a class A misdemeanor
C
The bond-volume table only
D
The NMLS call-center phone number only

Why This Is the Correct Answer

Delaware section 2423 states that violation of section 2404 is a class A misdemeanor.

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