According to the Delaware Mortgage Loan Modification Services Act (MLMSA), what fee must mortgage loan modification service providers pay to the state Consumer Protection Fund?

The correct answer is that mortgage loan modification service providers must pay a fee of $1,000 to the state Consumer Protection Fund under the Delaware Mortgage Loan Modification Services Act (MLMSA). This fee is part of the regulatory measures put in place to ensure that providers operating in this sector contribute to consumer protection initiatives. The funds collected are typically used to help facilitate the investigation and enforcement of consumer protection laws, especially those pertaining to mortgage services.

Understanding this specific fee is critical for compliance, as it highlights the responsibility of service providers to adhere to state regulations and contribute to the oversight of financial practices that impact homeowners. Other amounts mentioned, such as $2,000, $3,000, and $4,000, do not align with the established regulations, helping to distinguish the correct contribution required for the Consumer Protection Fund.