USC Part II – Enforcement & Compliance

Knowing the rules can not only keep you compliant and out of hot water personally, but familiarity with State Commissioners’ enforcement and compliance authorities will certainly help you correctly answer questions appearing on the NMLS exam.

ONE ADDITONAL POINT THAT WOULD BE GOOD TO KNOW!

A State Commissioner lacks the authority to criminally charge someone. The Commissioner would have to refer the subject to an Attorney General or District Attorney for criminal prosecution.