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A licensing coordinator is preparing a South Carolina renewal checklist involving records, reports, and required notices. Which rule is correct?

Correct Answer

A) South Carolina may order a person to cease a prohibited action, and continued violation of a commissioner's order can carry an administrative penalty up to $25,000 for each violation of the order.

South Carolina may order a person to cease a prohibited action, and continued violation of a commissioner's order can carry an administrative penalty up to $25,000 for each violation of the order.

Answer Options
A
South Carolina may order a person to cease a prohibited action, and continued violation of a commissioner's order can carry an administrative penalty up to $25,000 for each violation of the order.
B
Treat the timing or filing requirement as optional if the transaction appears low risk.
C
Assume the South Carolina requirement does not apply to this regulator exam preparation.
D
Treat continuing education and renewal as satisfied by borrower consent alone.

Why This Is the Correct Answer

South Carolina may order a person to cease a prohibited action, and continued violation of a commissioner's order can carry an administrative penalty up to $25,000 for each violation of the order.

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