The Commissioner may impose a civil penalty of up to what amount for each violation?

The correct amount for the civil penalty that the Commissioner may impose for each violation is indeed $25,000. This is established by regulations that outline the authority of the Commissioner in enforcing compliance within the mortgage industry. Such penalties are essential for maintaining the integrity and professionalism of mortgage lending practices.

Understanding this guideline helps MLOs appreciate the serious nature of compliance and regulatory oversight, as financial penalties can significantly impact a mortgage company and its affiliated professionals. This amount reflects the regulatory framework's aim to deter non-compliance and protect consumers, ensuring that all mortgage practices are conducted within the legal requirements and ethical standards set forth by the state.