Question: Which statement is TRUE regarding mortgage banking statute violations? An aggrieved party of a mortgag banker's, mortgage broker's, or mortgage loan originator's act can sue
Which statement is TRUE regarding mortgage banking statute violations?
An aggrieved party of a mortgag banker's, mortgage broker's, or mortgage loan originator's act can sue in criminal court.
A mortgage broker's duties to a borrower can be waived to avoid the risk of a violation.
Someone who violates a provision of mortgage banking statutes cannot be imprisoned.
Someone who violates a provision of the mortgage banking statutes may be fined or imprisoned.
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