Regulatory Alerts2014-04-01
Added · Updated
Final Order Adopting Amended Delaware Mortgage Loan Broker and Licensed Lender Regulations
The State Bank Commissioner adopts amended Regulations 2101 through 2106 and 2201 through 2206, which establish operating requirements, bookkeeping standards, fee schedules, and reporting obligations for mortgage loan brokers and licensed lenders in Delaware. These regulations mandate specific record-keeping practices, such as maintaining applicant registers and individual files, and require the submission of biannual Delaware Loan Volume reports and annual Delaware Assets reports. The amended rules also define permissible fee collections, disclosure requirements, and examination fee assessments, with an effective date of April 11, 2014.
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