A state licensing agency granted Crook Cromwell a license to act as a mortgage loan originator. Subsequent to the granting of the license, the agency received a supplemental criminal history report which indicated that Crook had been convicted of a money laundering charge in another state. What action can the state licensing agency take

The answer is issue a temporary cease and desist order.

Explanation:

Cease and desist order

This is a type of order that is issued only if the interest of to public is to hinders a person from continuing to engage in a prohibited act, practice, or transaction.

The commissioner is the one responsible to issuing this order. He may issue it to any person found to have committed an unfair or deceptive act and prohibits a specific practice listed in the order.

The state licensing agency may enter a temporary order requiring an individual to cease doing business under a license if it was discovered that the license was erroneously issued.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it

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