Question

The Director via this Act, has the power to do all of the following to license, suspend and investigate a loan officer except:

A. Collect criminal, civil, and administrative history info.
B. Personal histrory and experience info.
C. Prosecute violations and violators.
D. Collect any other documents, info or evidence the Commission deems relevant to the inquiry.

Answer 1

The Director, through this Act, has the power to license, suspend, and investigate a loan officer. However, the Director does not have the power to prosecute violations and violators.

Step-by-step explanation:

The Director, through this Act, has the power to license, suspend, and investigate a loan officer. However, the Director does not have the power to prosecute violations and violators. Option C, 'Prosecute violations and violators,' is incorrect.The Director can collect criminal, civil, and administrative history information (Option A), personal history and experience information (Option B), and any other documents, information, or evidence deemed relevant by the Commission (Option D) to inquire into and regulate the activities of a loan officer.