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Goof-proof MLO / LO survey to identify and manage employees

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Question: 
How can my bank make sure we correctly classify our employees as a Mortgage Loan Originator or a Loan Originator? It is confusing
Answer: 

It sure is confusing, and it is imperative you properly categorize (and document) all employees to make sure you aren’t running afoul of SAFE Act requirements or Reg Z’s rules. The SAFE Act’s test for MLO coverage has two parts, while Reg Z’s LO coverage only has a singular test! Join the upcoming webinar “MLO, LO, or Neither?” to receive great tools and tips for implementing a survey to all employees to accomplish your identification, documentation, and management needs. It is easier than you think!

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Learn more about Rebekah Leonard’s webinar

MLO, LO, or Neither?

First published on 09/13/2020

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