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A Delaware MLO license is surrendered, suspended, canceled, or revoked before the license period expires. What does Delaware Code say about abatement of the license fee?

Correct Answer

C) No abatement is made

Delaware Code states that no abatement is made if the license is surrendered, suspended, canceled, or revoked before expiration.

Answer Options
A
The whole fee is returned automatically
B
Half the fee must be refunded
C
No abatement is made
D
The fee is credited against the applicant’s CE hours

Why This Is the Correct Answer

Delaware Code states that no abatement is made if the license is surrendered, suspended, canceled, or revoked before expiration.

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