Broker James Miller was fined $1,500 for supervision violations and given 60 days to pay. He fails to pay within the deadline. What additional penalty can GREC impose for non-payment?
Correct Answer
B) License suspension until payment is made
GREC can suspend a license for failure to pay imposed fines within the required timeframe. Doubling fines isn't a standard penalty for non-payment. Monthly interest rates aren't typically imposed by GREC. Automatic revocation for non-payment is excessive without due process.
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