Statutes that are enacted to protect the public are called licensing statutes. Generally, unlicensed persons cannot recover payment for services when they do not have the required license. Problems arise if an unlicensed person tries to collect payment for services provided to another under a contract. Some statutes expressly provide that unlicensed persons cannot enforce contracts to provide these services. If a statute is silent on this point, enforcement depends on whether it is a(n) statute or a revenue-raising statute.

The correct word for the blank space is: regulatory.

Explanation:

Regulatory statues are those that deal with procedures related to federal, state, and local governmental agencies. Examples of the procedures dealt in such scenarios are applications for licenses or administration for social services such as subsidized housing, health care or welfare just to mention a few.

Regulatory statutes give the advantage to unlicensed people to be eligible to enforce payments for contracts in the case the written agreement does not specify any provision explicitly.

The correct answer is A. Banking regulators like Fed.

Banking regulators is a group which is being responsible to prevent bank run.

Bank run is known to occur if a big number of people withdraw their money from a bank.

The main reason which may lead to many people withdrawing money may be because in the near future they may think that the bank may stop functioning or become insolvent.

Some bank regulators may include; federal reserve board, office of thrift supervision, state bank regulators, financial industry regulators authority, and federal deposit insurance corporation.