Delaware Secure and Fair Enforcement for Mortgage Licensing Act of 2009 (5 Del.C. § 2402)

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About the Legislation:

The State Bank Commissioner supervises and oversees enforcement of the mortgage lending industry, including license and registration requirements.

Private Right of Action: No.
Damages/Enforcement: The State Bank Commissioner has authority to issue licenses to conduct business; deny, suspend, condition, or revoke licenses issued; and examine, investigate, and conduct enforcement actions as necessary (including cease and desist orders, restitution, monetary penalties, and banning individuals from office or employment).

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