EstatePass
USTeasy11% of exam

What is the minimum surety bond amount for an initial Delaware MLO license applicant under Regulation 2401?

Correct Answer

C) $25,000

Delaware Regulation 2401 states that the surety bond for an applicant for an initial license must be at least $25,000.

Answer Options
A
$5,000
B
$50,000
C
$25,000
D
$200,000

Why This Is the Correct Answer

Delaware Regulation 2401 states that the surety bond for an applicant for an initial license must be at least $25,000.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing