If the Attorney General finds a willful violation of the law by a licensee, what is the maximum civil penalty they can impose per violation?

The maximum civil penalty that can be imposed per violation by the Attorney General for a willful violation of the law by a licensee is indeed $5,000. This amount is stipulated to ensure that there are significant repercussions for actions that go against legal standards in the real estate and mortgage lending practices. It serves as a deterrent to licensees, encouraging them to adhere strictly to the regulations governing their profession.

In this context, a civil penalty like this is crucial for maintaining the integrity of the industry. Should the penalty be lower, it may not adequately dissuade misconduct. A higher penalty would be disproportionate and could be deemed excessively punitive for violations that may not have caused extensive harm. Thus, $5,000 strikes a balance as a serious but fair penalty for willful violations, reflecting the importance of compliance in protecting consumers and ensuring fair practices in the mortgage industry.