Manufactured Housing Practice Test

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What happens if a dealer submits a check for fees that is subsequently dishonored?

They may be fined
They must resubmit within 10 days by specific means
They lose their dealer's license
They must pay a late fee

The correct answer is: They must resubmit within 10 days by specific means

When a dealer submits a check for fees that is dishonored, the correct course of action is that they must resubmit the payment within a specified time frame. This requirement ensures that the fees are paid promptly and maintains the integrity of the payment process. By mandating a resubmission within a designated period, regulators uphold the financial responsibilities of dealers and mitigate potential disruptions in service or compliance. The other choices, while they may pertain to potential liabilities or penalties, do not accurately address the immediate requirement that arises from a dishonored check. It is crucial for dealers to understand that fulfilling their financial obligations in a timely manner is essential for maintaining their operational status and avoiding further complications.