Delaware Administrative Code
Title 5 - Banking
2400 - Mortgage Loan Originators
2401 - Mortgage Loan Originator Licensing
Section 2401-20.0 - Examination Fees and Supervisory Assessments
Current through Register Vol. 28, No. 3, September 1, 2024
20.1 The Commissioner may conduct investigations and examinations pursuant to § 122 and § 2417 of Title 5 of the Delaware Code.
20.2 The cost of such investigations and examinations is assessed in accordance with §127(a) and §2417(b)(6) of Title 5 of the Delaware Code. A person subject to investigation or examination shall remit payment not later than 30 days of the examination invoice.
20.3 The Commissioner shall assess each licensee under the statute and this regulation a supervisory assessment that is due and payable on August 1 of each year, in accordance with §127(b) of Title 5 of the Delaware Code.
20.4 Failure to remit timely payment of any examination fee or supervisory assessment will result in a penalty of 0.05 percent of the amount unpaid for each day the such fee or assessment remains unpaid after the due date, in accordance with §127(a) and §127(b) of Title 5 of the Delaware Code, and may also result in license revocation, suspension or other disciplinary action under § 13.0.
