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When does Delaware section 2417 allow the Commissioner to limit ordinary business access to controlled records?

Correct Answer

D) When there are reasonable grounds to believe records have been or are at risk of being altered or destroyed to conceal a violation

Delaware section 2417 permits business access unless the Commissioner has reasonable grounds to believe records have been or are at risk of being altered or destroyed to conceal a violation.

Answer Options
A
Whenever a borrower asks for a lower rate
B
Whenever an MLO changes address
C
Only when the license is already expired for 5 years
D
When there are reasonable grounds to believe records have been or are at risk of being altered or destroyed to conceal a violation

Why This Is the Correct Answer

Delaware section 2417 permits business access unless the Commissioner has reasonable grounds to believe records have been or are at risk of being altered or destroyed to conceal a violation.

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