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A Massachusetts state compliance officer reviews a training worksheet about Massachusetts may impose civil assessment after notice before submission. What result is compliant?

Correct Answer

D) Massachusetts may impose a civil assessment after notice and opportunity for hearing if a person subject to Chapter 255F violates or fails to comply with a requirement, regulation, or Commissioner order.

Massachusetts may impose a civil assessment after notice and opportunity for hearing if a person subject to Chapter 255F violates or fails to comply with a requirement, regulation, or Commissioner order.

Answer Options
A
Treat the timing or filing requirement as optional if the transaction appears low risk.
B
Assume the Massachusetts requirement does not apply to this NMLS filing review.
C
Treat records, reports, and required notices as satisfied by borrower consent alone.
D
Massachusetts may impose a civil assessment after notice and opportunity for hearing if a person subject to Chapter 255F violates or fails to comply with a requirement, regulation, or Commissioner order.

Why This Is the Correct Answer

Massachusetts may impose a civil assessment after notice and opportunity for hearing if a person subject to Chapter 255F violates or fails to comply with a requirement, regulation, or Commissioner order.

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