Which item is part of Delaware’s listed additional application requirements for an MLO applicant?
Correct Answer
D) NMLS must indicate consent for the NMLS credit report function
Delaware lists NMLS indication that the applicant consented to a credit report through the NMLS credit report function as an application requirement.
Why This Is the Correct Answer
Delaware lists NMLS indication that the applicant consented to a credit report through the NMLS credit report function as an application requirement.
Why the Other Options Are Wrong
Option A: A county zoning certificate for every loan property
The listed Delaware MLO application requirements do not include a county zoning certificate for each property.
Option B: Proof that the applicant passed a Delaware real estate salesperson exam
A real estate salesperson exam is not the Delaware MLO application test requirement.
Option C: A commitment to close a minimum number of Delaware loans
Delaware does not list a minimum production commitment as an MLO application requirement.
Memory Technique
DE-C007 -> Delaware-application-fees-and-background
Exam Tip
Credit report consent and fingerprints are core NMLS application facts.
Common Mistakes to Avoid
- -Importing another state requirement into Delaware
- -Confusing NMLS baseline requirements with Delaware-specific rules
- -Treating operational assumptions as legal authority
More UST Questions
In a pricing desk question, an audit analyst sees facts tied to Prohibited Misrepresentation. What should the file reflect?
An applicant previously had an MLO license revoked by a state regulator. Under the SAFE Act minimum standards for a new state-licensed MLO license, which statement is correct?
Which statement correctly distinguishes a license suspension from a license revocation?
A state regulator has issued an order suspending an MLO's authority effective immediately. The MLO has filed an appeal, but no stay has been granted. What should the MLO do?
An MLO license application asks whether the applicant has been the subject of a regulatory order. The applicant has a recent consent order that falls within the question. What is the proper response?
Why does NMLS maintain licensing and enforcement information that participating regulators can access?
A regulator issues a final license suspension without giving the MLO notice of the alleged violation or any opportunity to respond, even though applicable law requires both. What issue is presented?
A regulator finds that an MLO charged consumers prohibited fees. Which set of actions is consistent with the enforcement tools contemplated by Regulation H?
An MLO's license status in NMLS changes to suspended, with no stay or reinstatement shown. What is the immediate operational effect?
Which fact most directly supports disciplinary action against an MLO rather than merely a request for additional application information?
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