When may a Delaware section 2413 discipline order become effective immediately upon issuance?
Correct Answer
B) When the Commissioner believes public health, safety, or welfare clearly requires emergency action and the order so states
Delaware section 2413 allows immediate effectiveness when the Commissioner believes the public health, safety, or welfare clearly requires emergency action and the order so states.
Why This Is the Correct Answer
Delaware section 2413 allows immediate effectiveness when the Commissioner believes the public health, safety, or welfare clearly requires emergency action and the order so states.
Why the Other Options Are Wrong
Option A: Whenever the MLO misses a marketing meeting
A missed marketing meeting is not the statutory emergency standard.
Option C: Whenever the borrower dislikes the rate
Borrower dissatisfaction alone is not the stated emergency standard.
Option D: Only when the MLO asks for immediate effectiveness
The standard is the Commissioner’s emergency finding, not the MLO’s preference.
Memory Technique
DE-C037 -> Delaware-prohibited-acts-and-enforcement
Exam Tip
Immediate section 2413 orders need an emergency public-interest finding.
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?
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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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