A compliance manager is updating the Minnesota MLO checklist for records, reports, and required notices. Which statement belongs in the checklist?
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.
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