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Which laws and rule framework govern individual Delaware mortgage loan originators according to the Delaware regulator?

Correct Answer

C) The federal SAFE Act, Delaware Code Title 5 Chapter 24, and Delaware Regulation 2401

Delaware regulator guidance says individual MLOs are governed by the federal SAFE Act and Delaware Code Title 5 Chapter 24, implemented by Commissioner Regulation 2401.

Answer Options
A
Only Delaware real estate license law
B
Only federal RESPA servicing rules
C
The federal SAFE Act, Delaware Code Title 5 Chapter 24, and Delaware Regulation 2401
D
Only county recorder rules

Why This Is the Correct Answer

Delaware regulator guidance says individual MLOs are governed by the federal SAFE Act and Delaware Code Title 5 Chapter 24, implemented by Commissioner Regulation 2401.

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