Delaware Statutes

§ 2413 — License revocation or suspension

Delaware·Title 5·Part Other Businesses Under Jurisdiction of State Banking Department·Ch. 24 MORTGAGE LOAN ORIGINATORS
(a)The Commissioner may revoke, suspend, condition, or refuse to renew any license, or publicly reprimand a licensee under this chapter upon finding that the licensee:
(1)Has violated or failed to comply with any provision of this chapter; any rule, regulation, order, or supervisory letter promulgated by the Commissioner under the authority of this title; or any other law, rule or regulation of this State or the federal government;
(2)Has failed at any time to meet the requirements of § 2406 or § 2409 of this title; or
(3)Has withheld information or made a material misstatement in an initial or renewal application for a license.
(b)Whenever the Commissioner determines to take any action under this section, the Commissioner shall issue a written order that shall include a statement

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Legislative History

76 Del. Laws, c. 421, § 1 ; 77 Del. Laws, c. 96, § 1

Nearby Sections

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