The Commissioner can impose a fine of up to how much per violation related to unlicensed activity under the Residential Mortgage Lender, Broker and Servicer Act?

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Prepare for the West Virginia Mortgage Law Practice Test. Study with flashcards and multiple-choice questions, each with hints and explanations. Get ready for your exam!

The Commissioner can impose a fine of up to $25,000 per violation related to unlicensed activity under the Residential Mortgage Lender, Broker and Servicer Act. This is the maximum amount that can be fined per violation. The other options, while also significant amounts, are incorrect because they do not reflect the full extent of the Commissioner's authority. B is too low, C is lower than the correct answer, and D is incorrect because it is the same amount as C.

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