District of Columbia; mortgage loan officers; Administrator Interpretation

Co-authored by Kyle Petersen and  Natascha Riesco

As you may recall, the DOL threw the mortgage industry into a tizzy when it issued a sweeping Administrator Interpretation in 2010 that reversed its prior opinion letters and announced its view that mortgage loan officers were not exempt from the minimum wage and overtime requirements of the FLSA (at least under the
Continue Reading We Meant What We Said: DC Circuit Won’t Revisit Loan Officer Classification