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ABA: The American Bankers Association
State Law

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

Establishes regulatory oversight of mortgage lenders, granting the State Bank Commissioner authority to license, investigate, enforce compliance, and impose penalties for violations.

Status: Passed State: Delaware Tags: Mortgage and Lending

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).

Read the Legislation

State Association Contact

Josephine Bahn, Member

Aaron Krauss, Member

 Any updates or new legislation should be sent to [email protected].

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