State RegulationsFL specificDifficulty 1/5
Under Fla. Stat. 626.9601, what may the Department of Financial Services impose on a licensee who violates a cease-and-desist order?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under Fla. Stat. 626.9601, a licensee who violates a cease-and-desist order is subject to an administrative penalty of up to $50,000 and to suspension or revocation of the license. DFS treats defiance of its orders as an aggravating act, so both money and the license itself are at stake, unlike a routine first-time violation.
Why the other options are wrong
- A) $25,000 is the state-of-emergency-related penalty tier, and suspension or revocation of the license is also available under 626.9601.
- B) The statute pairs a monetary fine with suspension or revocation; a monetary penalty is expressly available.
- D) $12,500 is the general nonwillful unfair-trade-practice maximum, not the sanction for violating a cease-and-desist order.
Memory hook
Break an order: $50,000 and your license on the line.