Satisfies regulatory requirements for holding the position, including determined by SunTrust to meet the qualification standards imposed by the Loan Originator Compensation rule of the Truth in Lending Act. (glassdoor.com)
But vague wording in employee compensation rules has REALTORS ® confused about what's legal. (realtormag.realtor.org)
On May 23, 2012, The Consumer Financial Protection Bureau CFPB held a small business review panel to evaluate proposed changes to the Federal Reserve's Loan Officer Compensation Rule as well as offer alternatives as to how borrowers can be charged fees and points. (nar.realtor)