North Carolina License Law
If the NCREC pays a Recovery Fund claim on behalf of a licensee, what automatically happens to that licensee's license?
AIt is suspended for 90 days
BIt is revoked✓ Correct
CIt is placed on probation
DNothing, unless the licensee fails to repay
Explanation
When the Recovery Fund pays a claim on behalf of a licensee, that licensee's license is automatically revoked and cannot be reinstated until the full amount plus interest is repaid.
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