What enforcement action can the Department take if an examination reveals a licensed mortgage company is violating Pennsylvania mortgage laws?
Correct Answer
B) Issue cease and desist orders, impose civil penalties, suspend or revoke the license
The Department has broad enforcement authority including cease and desist orders, civil monetary penalties, license suspension, license revocation, and other remedial actions.
Why This Is the Correct Answer
The Department has broad enforcement authority including cease and desist orders, civil monetary penalties, license suspension, license revocation, and other remedial actions.
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