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The DFPI Commissioner may deny a CFL license application based on all of the following EXCEPT:

Correct Answer

C) Applicant's race or national origin

The DFPI cannot deny a license based on race or national origin, as this would violate federal and state anti-discrimination laws. Criminal history, prior revocations, and application fraud are all valid grounds for denial.

Answer Options
A
Criminal conviction for financial crimes
B
Prior license revocation in another state
C
Applicant's race or national origin
D
Material misstatement on the application

Why This Is the Correct Answer

The DFPI cannot deny a license based on race or national origin, as this would violate federal and state anti-discrimination laws. Criminal history, prior revocations, and application fraud are all valid grounds for denial.

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