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What is the disciplinary authority of the Department of Financial Institutions with regard to its licensees?

April 26, 2017authority Department disciplinary financial institutions licensees regard

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What is the disciplinary authority of the Department of Financial Institutions with regard to its licensees?

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As is true with other licenses in the Department, the Department may revoke, suspend or limit a license or it may reprimand a mortgage banker, mortgage broker, or loan originator. The Department also has additional authority to issue general and special orders necessary to prevent or correct actions by its registrants.