Final answer:
Cease and desist orders to MLOs can be issued by regulatory authorities like state or federal banking agencies. Examples include the Consumer Financial Protection Bureau (CFPB) and state banking agencies.
Step-by-step explanation:
In the context of Mortgage Loan Originators (MLOs), cease and desist orders can be issued by regulatory authorities such as state or federal banking agencies. These orders are typically issued when an MLO is engaged in illegal or fraudulent activities that violate laws and regulations governing mortgage lending.
For example, the Consumer Financial Protection Bureau (CFPB) has the authority to issue cease and desist orders to MLOs who engage in deceptive practices or violate consumer protection laws. Similarly, state banking agencies may have the power to issue such orders if they find evidence of misconduct or non-compliance with state regulations.
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