When do Delaware MLO licenses expire each year?
Correct Answer
C) December 31
Delaware law and Regulation 2401 state that MLO licenses expire on December 31 each year.
Why This Is the Correct Answer
Delaware law and Regulation 2401 state that MLO licenses expire on December 31 each year.
Why the Other Options Are Wrong
Option A: November 1
November 1 is the NMLS renewal opening date in Delaware guidance.
Option B: December 1
December 1 is the Delaware renewal submission deadline in regulator guidance.
Option D: August 1
August 1 is the supervisory assessment due date in Delaware guidance.
Memory Technique
DE-C022 -> Delaware-records-reports-and-identifiers
Exam Tip
Keep Delaware renewal milestones separate: Nov 1 opens, Dec 1 submission deadline, Dec 31 expiration.
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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