What is Delaware’s statutory prelicensing education requirement for an MLO applicant?
Correct Answer
A) At least 20 hours, including 3 hours federal law, 3 hours ethics, and 2 hours nontraditional mortgage product training
Delaware requires at least 20 hours of NMLS-approved prelicensing education, including 3 hours of federal law, 3 hours of ethics, and 2 hours of nontraditional mortgage product training.
Why This Is the Correct Answer
Delaware requires at least 20 hours of NMLS-approved prelicensing education, including 3 hours of federal law, 3 hours of ethics, and 2 hours of nontraditional mortgage product training.
Why the Other Options Are Wrong
Option B: At least 24 hours, including 4 hours Delaware-specific law
Delaware is not listed in the NMLS state-specific education table as requiring a 4-hour Delaware-specific PE add-on.
Option C: At least 8 hours, all in Delaware law
Eight hours is the annual CE baseline in Delaware, not the initial PE requirement.
Option D: No prelicensing education if the applicant passes the SAFE test
Passing the SAFE test does not eliminate Delaware’s PE requirement.
Memory Technique
DE-C009 + DE-C010 -> Delaware-education-testing-and-renewal
Exam Tip
Delaware PE is baseline 20 hours in the statute, not a special state-hour add-on in the NMLS table.
Common Mistakes to Avoid
- -Importing another state requirement into Delaware
- -Confusing NMLS baseline requirements with Delaware-specific rules
- -Treating operational assumptions as legal authority
More UST Questions
In a pricing desk question, an audit analyst sees facts tied to Prohibited Misrepresentation. What should the file reflect?
An applicant previously had an MLO license revoked by a state regulator. Under the SAFE Act minimum standards for a new state-licensed MLO license, which statement is correct?
Which statement correctly distinguishes a license suspension from a license revocation?
A state regulator has issued an order suspending an MLO's authority effective immediately. The MLO has filed an appeal, but no stay has been granted. What should the MLO do?
An MLO license application asks whether the applicant has been the subject of a regulatory order. The applicant has a recent consent order that falls within the question. What is the proper response?
Why does NMLS maintain licensing and enforcement information that participating regulators can access?
A regulator issues a final license suspension without giving the MLO notice of the alleged violation or any opportunity to respond, even though applicable law requires both. What issue is presented?
A regulator finds that an MLO charged consumers prohibited fees. Which set of actions is consistent with the enforcement tools contemplated by Regulation H?
An MLO's license status in NMLS changes to suspended, with no stay or reinstatement shown. What is the immediate operational effect?
Which fact most directly supports disciplinary action against an MLO rather than merely a request for additional application information?
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