Delaware Administrative Code
Title 5 - Banking
2100 - Mortgage Loan Brokers
2104 - Mortgage Loan Brokers Minimum Disclosure Requirements
Section 2104-1.0 - Written Agreement
Universal Citation: 5 DE Admin Code 2104-1.0
Current through Register Vol. 28, No. 3, September 1, 2024
The licensee shall enter into a separate, signed, written agreement with the applicant, independent of the loan agreement. The licensee shall provide a copy of this agreement to the lender, and the lender shall disburse licensee compensation only in accordance with that agreement. The terms of the agreement shall be disclosed to the applicant before the payment of any nonrefundable fees other than any credit report fee. A copy of the agreement shall be provided to the applicant at the time the agreement is signed.
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