A Georgia examination in 2026 finds an originator journal months out of date with entries missing throughout. What licensing and monetary consequences may follow the widespread journal failures?
Correct Answer
A) Grounds for suspension or revocation, and fines may also follow here
Failure to maintain the journal or to keep it current may be grounds for suspension or revocation of the license or other appropriate administrative action, and subjects the licensee to fines, though incidental and isolated clerical errors or omissions are not treated as a violation. Other choices: it is a required record rather than an internal document; the consequences reach the license as well as the wallet; and complete loan files do not replace the journal. Source: Ga. Comp. R. & Regs. 80-11-5-.02(2)(g)
Why This Is the Correct Answer
Failure to maintain the journal or to keep it current may be grounds for suspension or revocation of the license or other appropriate administrative action, and subjects the licensee to fines, though incidental and isolated clerical errors or omissions are not treated as a violation. Other choices: it is a required record rather than an internal document; the consequences reach the license as well as the wallet; and complete loan files do not replace the journal. Source: Ga. Comp. R. & Regs. 80-11-5-.02(2)(g)
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