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A finance lender's CFL license is automatically suspended if:

Correct Answer

B) They fail to pay renewal fees by the deadline

A CFL license is automatically suspended if the licensee fails to pay renewal fees by the required deadline.

Answer Options
A
They receive a consumer complaint
B
They fail to pay renewal fees by the deadline
C
Their quarterly revenue drops below $100,000
D
They change their office address

Why This Is the Correct Answer

A CFL license is automatically suspended if the licensee fails to pay renewal fees by the required deadline.

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