What action may the Commissioner take when a licensee violates the law?

The Commissioner has the authority to issue an immediate temporary cease-and-desist order when a licensee violates the law. This action is typically taken to protect the public and prevent further unlawful activity while a full investigation is conducted. A cease-and-desist order effectively halts the offending behavior immediately, allowing the Commissioner to address the violation without delay. This proactive measure safeguards consumers and ensures compliance with legal standards, highlighting the importance of regulatory oversight in the mortgage industry.

While other actions may be appropriate depending on the circumstances of the violation, issuing a cease-and-desist order allows for a swift response to prevent ongoing harm, making it a crucial tool in the Commissioner's enforcement arsenal.