Final answer:
A cease and desist letter is a written notice to stop a certain activity. The next steps for an MLO would involve reviewing the letter, seeking legal advice, and taking appropriate action to comply or negotiate.
Step-by-step explanation:
A cease and desist letter is a written notice sent to a person or entity to stop a certain activity, behavior, or infringement of rights. It is often used to address issues such as intellectual property violations, harassment, or defamation. After receiving a cease and desist letter, the next steps for the Mortgage Loan Officer (MLO) would typically involve reviewing the letter to understand the claims made, seeking legal advice if necessary, and taking appropriate action to comply with the demands or negotiate a resolution.