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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.

Answer Options
A
Whenever the MLO misses a marketing meeting
B
When the Commissioner believes public health, safety, or welfare clearly requires emergency action and the order so states
C
Whenever the borrower dislikes the rate
D
Only when the MLO asks for immediate effectiveness

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.

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