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Which event must a licensed Delaware MLO promptly notify the Commissioner about under Regulation 2401?

Correct Answer

A) A change of primary residence address

Delaware Regulation 2401 requires every licensed MLO to promptly notify the Commissioner of any change of primary residence address.

Answer Options
A
A change of primary residence address
B
A routine rate-lock extension requested by a borrower
C
A borrower’s change in homeowner insurance carrier
D
A scheduled closing date moving by one business day

Why This Is the Correct Answer

Delaware Regulation 2401 requires every licensed MLO to promptly notify the Commissioner of any change of primary residence address.

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