What score must an individual achieve to pass the qualified written test under Delaware MLO law?
Correct Answer
C) At least 75 percent correct
Delaware law states that an individual is not considered to have passed the qualified written test unless the individual achieves not less than 75 percent correct answers.
Why This Is the Correct Answer
At least 75 percent correct is correct. Delaware law states that an individual is not considered to have passed the qualified written test unless the individual achieves not less than 75 percent correct answers. Delaware law states that an individual is not considered to have passed the qualified written test unless the individual achieves not less than 75 percent correct answers.
Why the Other Options Are Wrong
Option A: At least 60 percent correct
Sixty percent is below the Delaware statutory passing standard.
Option B: At least 80 percent correct
The Delaware standard stated in the source is 75 percent, not 80 percent.
Option D: Any score if the applicant completed PE
Completing PE does not replace the testing passing score.
Memory Technique
DE-C011 -> Delaware-education-testing-and-renewal
Exam Tip
Delaware SAFE test passing score: 75 percent.
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?
People Also Study
Federal Mortgage-Related Laws
24% of exam
General Mortgage Knowledge
20% of exam
Mortgage Loan Origination Activities
27% of exam
Ethics, Fraud & Consumer Protection
18% of exam