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 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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