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200+ Free DE MLO Practice Questions

Pass your Delaware Mortgage Loan Originator Exam exam on the first try — instant access, no signup required.

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2026 Statistics

Key Facts: DE MLO Exam

75%

Passing Score

NMLS

55 Q

State Exam Questions

NMLS UST

20 hrs

Pre-License Education

DE Bank Comm.

$25,000

Surety Bond

Delaware

The Delaware MLO state exam covers Delaware-specific mortgage laws administered by the Office of the State Bank Commissioner. Combined with the national NMLS SAFE exam, candidates must pass both components to originate mortgages in Delaware. Delaware is a judicial foreclosure state where all foreclosures proceed through the Court of Chancery, and the state's Licensed Lenders Act governs mortgage lending activities.

Sample DE MLO Practice Questions

Try these sample questions to test your DE MLO exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 200+ question experience with AI tutoring.

1Which agency regulates mortgage loan originators in Delaware?
A.Delaware Real Estate Commission
B.Delaware Office of the State Bank Commissioner
C.Delaware Department of Justice
D.Delaware Division of Revenue
Explanation: The Delaware Office of the State Bank Commissioner is the primary regulator of mortgage loan originators in the state. The Commissioner oversees MLO licensing, conducts examinations, and enforces Delaware's mortgage lending laws.
2How many hours of pre-license education does Delaware require for MLO candidates?
A.10 hours
B.15 hours
C.20 hours
D.24 hours
Explanation: Delaware requires 20 hours of NMLS-approved pre-license education for mortgage loan originator candidates. This includes 3 hours of federal law, 3 hours of ethics, 2 hours of non-traditional mortgage lending, and 12 hours of electives.
3What type of foreclosure does Delaware primarily use?
A.Non-judicial foreclosure
B.Judicial foreclosure through the Court of Chancery or Superior Court
C.Administrative foreclosure
D.Foreclosure by power of sale
Explanation: Delaware is a judicial foreclosure state where all foreclosures must proceed through the court system, typically through the Court of Chancery or Superior Court. The lender must file a lawsuit, and the court oversees the entire process including the sale. This provides significant protections for borrowers.
4What is the minimum surety bond requirement for MLOs in Delaware?
A.$10,000
B.$25,000
C.$50,000
D.$75,000
Explanation: Delaware requires a minimum surety bond of $25,000 for mortgage loan originators. The bond provides financial protection for consumers who may be harmed by the MLO's actions or violations of Delaware mortgage laws.
5What is the Delaware Licensed Lenders Act?
A.A federal banking regulation
B.The primary Delaware statute governing licensing and regulation of mortgage lenders, brokers, and related professionals
C.A law that only applies to credit unions
D.A regulation about payday lending only
Explanation: The Delaware Licensed Lenders Act is the primary state statute governing the licensing and regulation of mortgage lenders, brokers, and related professionals. It establishes licensing requirements, conduct standards, and consumer protections. The Office of the State Bank Commissioner enforces this Act.
6How many hours of continuing education must Delaware MLOs complete annually?
A.4 hours
B.8 hours
C.12 hours
D.16 hours
Explanation: Delaware MLOs must complete 8 hours of NMLS-approved continuing education annually. This includes 3 hours of federal law updates, 2 hours of ethics, 2 hours of non-traditional mortgage lending, and 1 elective hour.
7In Delaware's judicial foreclosure process, which court typically handles residential foreclosure cases?
A.Delaware Family Court
B.The Delaware Court of Chancery or Superior Court
C.U.S. District Court
D.Delaware Justice of the Peace Court
Explanation: Delaware residential foreclosure cases are typically handled by the Court of Chancery or Superior Court. The Court of Chancery has equity jurisdiction and traditionally handles foreclosures. The court oversees the entire process from the filing of the complaint through the sheriff's sale.
8What enforcement actions can the Delaware State Bank Commissioner take against MLOs?
A.Only verbal warnings
B.Impose fines, suspend or revoke licenses, issue cease and desist orders, and refer cases for criminal prosecution
C.Only recommend actions to the Governor
D.Transfer licenses to other states
Explanation: The Delaware State Bank Commissioner has broad enforcement authority including imposing monetary fines, suspending or revoking MLO licenses, issuing cease and desist orders, requiring restitution, and referring serious cases for criminal prosecution.
9What is the Delaware approach to the scire facias process in foreclosure?
A.Scire facias is not used in Delaware
B.Scire facias is a legal process used in Delaware to revive a dormant judgment or enforce a mortgage lien after a period of inactivity
C.Scire facias is a tax collection method
D.Scire facias refers to a type of mortgage insurance
Explanation: Delaware uses the scire facias process to revive dormant judgments or enforce mortgage liens that have been inactive for a period. If a lender does not act on a foreclosure judgment within a certain timeframe, scire facias may be needed to revive the judgment before the lien can be enforced. This is a somewhat unique procedural aspect of Delaware foreclosure law.
10Under Delaware law, what is the interest rate cap on residential first mortgages?
A.5% per annum
B.Delaware has a 5% over the Federal Reserve discount rate cap, but certain first mortgages may be exempt
C.Delaware has no usury cap for most first-lien residential mortgages
D.25% per annum
Explanation: Delaware generally does not impose a usury cap on most first-lien residential mortgage loans. While Delaware has usury statutes that apply to certain consumer transactions, first-lien mortgage loans originated by licensed lenders are typically exempt from rate caps. Federal regulations and consumer protection laws still apply to prevent predatory lending.

About the DE MLO Exam

The Delaware MLO state exam tests knowledge of Delaware-specific mortgage laws, licensing requirements, and consumer protection regulations. This exam is taken alongside the national NMLS SAFE exam component.

Questions

55 scored questions

Time Limit

1 hour 30 minutes

Passing Score

75%

Exam Fee

$110 (Delaware Office of the State Bank Commissioner)

DE MLO Exam Content Outline

25%

Delaware Licensing Requirements

State-specific education, renewal, and licensing requirements

25%

Delaware Mortgage Law

State mortgage statutes, usury laws, and lending regulations

20%

Consumer Protection

State disclosure requirements, borrower rights, fair lending

15%

Regulatory Authority

State Bank Commissioner oversight, enforcement, and compliance

15%

Foreclosure Procedures

Delaware-specific judicial foreclosure process, timelines, and remedies

How to Pass the DE MLO Exam

What You Need to Know

  • Passing score: 75%
  • Exam length: 55 questions
  • Time limit: 1 hour 30 minutes
  • Exam fee: $110

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

DE MLO Study Tips from Top Performers

1Master Delaware's judicial foreclosure process through the Court of Chancery — know the petition requirements
2Study the Delaware Licensed Lenders Act and its licensing provisions for mortgage companies
3Know the State Bank Commissioner's enforcement powers including cease and desist orders
4Review Delaware's specific disclosure requirements and borrower notification timelines
5Understand Delaware's deficiency judgment rules and the scire facias process

Frequently Asked Questions

What is the Delaware MLO exam?

The Delaware MLO exam is the state-specific component of the NMLS licensing test. It covers Delaware mortgage laws, licensing requirements administered by the Office of the State Bank Commissioner, and state consumer protection regulations. You must pass both this state exam and the national SAFE exam.

How many questions are on the Delaware MLO state exam?

The Delaware MLO state exam has 55 questions with a 1 hour 30 minute time limit. You need 75% (approximately 41 correct) to pass. Administered through NMLS at Prometric testing centers.

What Delaware-specific topics should I study?

Focus on Delaware's Licensed Lenders Act, the judicial foreclosure process through the Court of Chancery, the State Bank Commissioner's enforcement authority, Delaware's specific surety bond and net worth requirements, and the state's consumer protection and disclosure rules.

What are the Delaware MLO license requirements?

Delaware requires 20 hours of NMLS-approved pre-license education, passing scores on both the national and state exams, a background check with fingerprinting, a surety bond of $25,000, and submission of a license application through NMLS. Annual renewal requires continuing education including Delaware-specific coursework.