Maryland License Law (alternative)
A Maryland licensee convicted of mortgage fraud may face:
AOnly a civil fine from MREC
BCriminal prosecution under state and federal law plus MREC license discipline✓ Correct
COnly referral to the State Bar Association
DNo real estate license consequences if it is a first offense
Explanation
Mortgage fraud is a serious crime subject to both criminal prosecution (state and federal) and MREC disciplinary action, including license revocation.
Related Maryland Maryland License Law (alternative) Questions
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