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HR Question of the Week

01.26.15

Has there been any final legislation passed in regard to Mortgage Loan Officers and whether they should be classified as exempt or non-exempt? (Currently, our MLO position is classified as non-exempt.)

USource Answer:

Whether or not the government followed the correct procedures when declaring that Mortgage Lenders should be properly classified as non-exempt may not really matter all that much given the major overhaul we may see of the Fair Labor Standards Act in the near future.  Further information is not expected

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