An applicant completed NMLS-approved PE for another state before applying in Delaware. What should the applicant know?
Correct Answer
A) Delaware accepts those NMLS-approved PE hours as credit toward Delaware PE
Delaware Code states that NMLS-approved PE requirements approved for any other state are accepted as credit toward Delaware PE.
Why This Is the Correct Answer
Delaware Code states that NMLS-approved PE requirements approved for any other state are accepted as credit toward Delaware PE.
Why the Other Options Are Wrong
Option B: Delaware requires all PE to be retaken regardless of NMLS approval
Delaware does not require retaking all NMLS-approved PE solely because it was for another state.
Option C: Delaware accepts only nontraditional mortgage product hours
The credit is not limited to the nontraditional-product component.
Option D: Delaware accepts the PE only if the applicant skips the SAFE test
The PE credit rule does not waive SAFE testing.
Memory Technique
DE-C029 -> Delaware-education-testing-and-renewal
Exam Tip
The key qualifier is NMLS-approved.
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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