Sentences with phrase «loan officer compensation rule»
Unlike many other CFPB rules, the first iteration of the loan officer compensation rule did not stem from the Dodd - Frank Act.
http://www.mortgagecompliancemagazine.com/
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.
Not exact matches
The final rule implements requirements and restrictions imposed by the Dodd - Frank Act concerning loan officer compensation; qualifications of, and registration or licensing of loan originators; compliance procedures for depository institutions; mandatory arbitration; and the financing of single - premium credit insurance.