During an examination or investigation, which action can the Commissioner NOT take?

The action that the Commissioner cannot take during an examination or investigation is assigning control of the licensee to another entity. This response aligns with the regulatory framework governing the operations of mortgage loan originators, which stipulates the extent of authority and actions the Commissioner can execute.

When conducting examinations or investigations, the Commissioner's role is primarily to oversee compliance with established laws and regulations. This includes inspecting records and documents to ensure transparency and adherence to legal standards. The Commissioner also has the authority to impose fines for violations as a means of enforcing compliance and maintaining the integrity of the mortgage lending industry. Additionally, suspending a license is a disciplinary action that the Commissioner can impose if violations are identified.

However, assigning control of a licensee to another entity goes beyond the Commissioner's jurisdiction during an examination or investigation. Such a measure might necessitate separate legal processes or actions that fall outside the scope of an examination. It involves a significant change in operational control, which is not something that can be decided during standard regulatory investigations. Therefore, this option correctly represents an action that is not permissible within the Commissioner's powers during an examination phase.