State Dollar Facts Flashcards
1
Q
Payment 10 days late
A
$10.00
2
Q
Payment 15 days late
A
$15.00
3
Q
For 10 days plus $10 a day/no branch notice
A
$100.00
4
Q
$100 License Fee, $39 fingerprint fee, $30 NMLS
A
$169.00
5
Q
Fee to open a Branch
A
$200.00
6
Q
Not pulling an ad when ordered to do so
A
$500.00
7
Q
Using an unapproved location
A
$500.00
8
Q
Fee to act as a Mortgage Lender plus $100 investigation fee
A
$900.00
9
Q
Administrative Penalties for violations
A
$2,500.00
10
Q
Maximum CRMLA assessment
A
$5,000.00
11
Q
Do Not Call violators
A
$16,000.00
12
Q
Civil penalties for violators
A
$25,000.00
13
Q
Mortgage Broker surety bond
A
$25,000.00
14
Q
Mortgage Lender’s surety bond
A
$50,000.00
15
Q
Bond can be increased if licensee is not in compliance
A
$100,000.00
