State RegulationsFL specificDifficulty 2/5
At the conclusion of an investigation, the Office of Financial Regulation finds that a Tampa consumer finance lender violated Florida lending statutes. What may the OFR do with its findings?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under Florida's financial services laws, Office of Financial Regulation investigation findings support administrative actions such as fines, license suspension or revocation, and cease-and-desist orders, and suspected criminal violations may be referred to prosecutors. Investigation is the gateway to enforcement, not an informational exercise.
Why the other options are wrong
- A) OFR investigations are the basis for enforcement; they are not merely informational reviews.
- B) Publicizing findings as industry promotion would be a misuse of investigative results and serves no regulatory purpose.
- C) The guaranty association pays covered claims of failed insurers; it has no role in lender enforcement.
Memory hook
Investigation findings feed enforcement - fines, revocations, referrals.