At the time of Delaware MLO application through NMLS, what fees does the Delaware regulator say the applicant must pay?
Correct Answer
B) $250 investigation fee and $30 NMLS processing fee
Delaware guidance states that the applicant pays a $250 investigation fee and a $30 NMLS processing fee through NMLS at the time of application.
Why This Is the Correct Answer
Delaware guidance states that the applicant pays a $250 investigation fee and a $30 NMLS processing fee through NMLS at the time of application.
Why the Other Options Are Wrong
Option A: $500 supervisory assessment and $250 licensing fee only
The $500 supervisory assessment is billed separately by the Office, and the licensing fee is paid after approval under the Delaware guidance.
Option C: $25,000 surety bond and no NMLS processing fee
A surety bond is a coverage requirement, not the application fee pair asked here.
Option D: $75 test fee and $30 county recording fee
The cited Delaware fee guidance does not state a $75 test fee or county recording fee for application.
Memory Technique
DE-C008 -> Delaware-application-fees-and-background
Exam Tip
Separate application-time fees from post-approval licensing and annual supervisory assessment.
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 Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
A renewal specialist is updating Missouri procedures for supervisory file review and flags licensing and NMLS authority. Which answer is accurate?
For a Missouri consumer complaint response, a branch supervisor is training staff on licensing and NMLS authority. Which answer should be used?
For a Missouri branch onboarding review, a branch supervisor is training staff on licensing and NMLS authority. Which answer should be used?
For a Missouri MLO sponsorship update, a compliance manager is training staff on sponsorship and employment status. Which answer should be used?
A mortgage company asks a policy analyst to validate a Missouri branch onboarding review involving licensing and NMLS authority. Which statement is reliable?
For a Missouri disciplinary-risk review, a branch supervisor is training staff on licensing and NMLS authority. Which answer should be used?
An operations lead compares company policy with Missouri requirements during an advertising approval. Which statement fits licensing and NMLS authority?
A mortgage company asks an operations lead to validate a Missouri MLO sponsorship update involving continuing education and renewal. Which statement is reliable?
A licensing checklist in Missouri includes a question about scope, definitions, and exemptions. Which entry should the branch supervisor keep?
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