Wyoming License Law
A Wyoming real estate licensee who assists a buyer in submitting a fraudulent loan application is:
AProtected from liability since they are not the borrower
BPotentially liable for criminal charges for mortgage fraud and subject to license revocation✓ Correct
COnly liable if the loan is ultimately approved
DProtected if they did not directly falsify the application
Explanation
Mortgage fraud (including knowingly submitting or facilitating fraudulent loan applications) is a federal crime and a violation of Wyoming license law. A licensee who assists in mortgage fraud faces potential criminal prosecution, civil liability, and license revocation—even if they did not personally sign the fraudulent documents.
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