The Supreme Court Decides The DOL’s Interpretation Regarding Pay for Mortgage Loan Officers

The Supreme Court Decides The DOL’s Interpretation Regarding Pay for Mortgage Loan Officers

This short article first starred in the July 2015 problem of the Minnesota Bankers Association’s month-to-month publication.

The U.S. Supreme Court has determined that the Department that is federal of (DOL’s) March 24, 2010, Administrator’s Interpretation that home mortgage officers typically needs to be compensated as nonexempt employees underneath the federal Fair work guidelines Act (FLSA) is enforceable. (Perez v. Continue reading “The Supreme Court Decides The DOL’s Interpretation Regarding Pay for Mortgage Loan Officers”