Kansas License Law
A Kansas licensee who participates in a scheme to defraud mortgage lenders (mortgage fraud) may face:
AOnly a KREC reprimand
BLicense revocation plus potential federal and state criminal charges✓ Correct
CA civil fine of $500 maximum
DSuspension only if the fraud caused consumer harm
Explanation
Mortgage fraud is a serious federal and state crime. Kansas licensees who participate in mortgage fraud schemes face license revocation as well as federal bank fraud charges and potential imprisonment.
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