North Carolina License LawIntermediateNorth Carolina Exam
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 revokedCorrect
CIt is placed on probation
DNothing, unless the licensee fails to repay
Why It is revoked Is Correct
Answer B: It is revoked
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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