CFPB Regulations on Loan Originator Compensation: How to Get and Keep Great Loan Originators and Still Comply (MLC552H)

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  60 minutes
  
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Understand CFPB Regulations That Restrict Compensation for Mortgage Loan Originators.

This session by expert speaker Kris D. Kully will provide up-to-date information on the regulations of the Consumer Financial Protection Bureau ('CFPB') that restrict compensation for mortgage loan originators. Though the main prohibition put against compensations that are loanterm-based in nature seem straight-forward, mortgage loan providers may be surprised at how far-reaching the CFPB's interpretations go, and at how many types of compensation arrangements may nonetheless still be permitted.

The session will also include an outline of topics covered, which will provide a summary of many of the considerations mortgage loan providers must undertake in establishing a compensation plan.

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Kris Kully is a partner in Mayer Brown's Washington DC office and a member of the Consumer Financial Services group. She advises clients on federal and state regulatory compliance matters affecting providers of consumer financial products and services, including licensing and substantive practic... More info

 


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Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.