South Dakota License Law
A South Dakota licensee who assists a buyer in completing a fraudulent mortgage application has committed:
AOnly a minor violation subject to a warning
BMortgage fraud — a serious federal crime and grounds for license revocation✓ Correct
CA fair housing violation
DA RESPA technical violation only
Explanation
Assisting in a fraudulent mortgage application is federal mortgage fraud (18 U.S.C. § 1014), a serious federal crime. It also constitutes grounds for SDREC license revocation and civil liability.
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