§ 2119

(a) As used in this section, unless the context requires otherwise, 'mortgage loan modification services' means services as an intermediary between an individual and 1 or more mortgage loan creditors for the purpose of obtaining: (1) Assent to the repayment of a mortgage loan on terms more favorable to the individual than the terms of the original mortgage loan; or (2) An arrangement to delay, prevent, remedy, eliminate or discharge any default on the terms of a mortgage loan, or the sale of any property incident to a foreclosure or other judicial proceeding based on a mortgage loan. (b) A licensee may not receive any compensation for mortgage loan modification services prior to the execution of a written contract that describes in detail all such services that the licensee will perform and all compensation that the licensee will receive for those services. Any compensation received by a licensee in advance of the completion of all such services may not exceed $250. (c) The total compensation that a licensee receives for mortgage loan modification services must be limited to an amount that is customary and reasonable for

of all such services may not exceed $250. (c) The total compensation that a licensee receives for mortgage loan modification services must be limited to an amount that is customary and reasonable for those services in this State.77 Del. Laws, c. 138, § 1;