What may be a consequence for a mortgage loan originator who does not pay an appraiser for services rendered?

A mortgage loan originator who fails to pay an appraiser for services rendered may face civil penalties. This is because non-payment can be viewed as a violation of professional and ethical standards within the mortgage industry. In many jurisdictions, including Utah, there are laws and regulations in place to protect appraisers and ensure they are compensated for their work. When a loan originator does not fulfill this obligation, it can lead to legal repercussions, including fines or other civil actions against the originator.

Professional conduct in the mortgage industry is governed by regulations that hold originators accountable for their interactions with appraisers, which are critical for fair and accurate property valuations. Failure to adhere to these standards undermines the integrity of the lending process, and enforcement agencies may impose civil penalties to maintain order and compliance within the industry.

The other choices involve scenarios that do not directly follow from the issue of non-payment to the appraiser, such as license revocation or placing the financial responsibility on the borrower, which are not typical or immediate consequences of this specific situation.