A licensing file raises a Minnesota question about records, reports, and required notices. Which answer is most defensible?
Correct Answer
D) Minnesota Chapter 58A civil penalties may be imposed after notice and opportunity for hearing, and the maximum penalty for each act or omission is $25000.
Minnesota Chapter 58A civil penalties may be imposed after notice and opportunity for hearing, and the maximum penalty for each act or omission is $25000.
Why This Is the Correct Answer
Minnesota Chapter 58A civil penalties may be imposed after notice and opportunity for hearing, and the maximum penalty for each act or omission is $25000.
More UST Questions
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
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