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A Delaware MLO applicant answers “yes” to a disclosure question on the application. What does Delaware require?

Correct Answer

C) A written explanation and copies of pertinent documents

Delaware requires a written explanation and copies of pertinent documents when an applicant answers “yes” to any disclosure question.

Answer Options
A
No explanation unless the Commissioner asks after approval
B
Only a verbal explanation to the employer
C
A written explanation and copies of pertinent documents
D
Automatic denial with no chance to provide documents

Why This Is the Correct Answer

Delaware requires a written explanation and copies of pertinent documents when an applicant answers “yes” to any disclosure question.

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