What is Delaware’s annual continuing education requirement for a licensed MLO?
Correct Answer
D) At least 8 hours, including 3 hours federal law, 2 hours ethics, and 2 hours nontraditional mortgage product training
Delaware requires at least 8 hours of annual CE, including 3 hours of federal law, 2 hours of ethics, and 2 hours of nontraditional mortgage product training.
Why This Is the Correct Answer
Delaware requires at least 8 hours of annual CE, including 3 hours of federal law, 2 hours of ethics, and 2 hours of nontraditional mortgage product training.
Why the Other Options Are Wrong
Option A: At least 20 hours, including 3 hours ethics and 2 hours nontraditional mortgage product training
Twenty hours is the Delaware PE requirement, not annual CE.
Option B: At least 12 hours, including 4 hours Delaware-specific law
Delaware is not listed in the NMLS table as requiring a 4-hour Delaware-specific CE add-on or 12 total CE hours.
Option C: No annual CE if the MLO passed the SAFE test once
SAFE test passage does not eliminate annual CE.
Memory Technique
DE-C012 + DE-C020 -> Delaware-education-testing-and-renewal
Exam Tip
Delaware annual CE is 8 hours; PE is 20 hours.
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?
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