South Carolina License Law
In South Carolina, a licensee's failure to account for client funds properly may result in:
AA warning letter only
BLicense suspension or revocation and possible criminal charges✓ Correct
CMandatory additional education only
DAn automatic 90-day license suspension
Explanation
Mishandling client funds (commingling, conversion, or failure to account) is among the most serious violations under SC law. It can result in license suspension or revocation, civil liability, and potentially criminal prosecution for fraud or theft.
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