Mortgage technology and beyond: Five-star programs for 2005

NAMB action alertNAMBDOL, Wage and Hours, Department of Labor Association seeks info on wage and hour audits As part of the National Association of Mortgage Brokers efforts to secure clarification from the U.S. Department of Labor (DOL) on whether loan officers are exempt from the minimum wage and overtime requirements of the Fair Labor Standards Act, the association is collecting information on NAMB members experiences with DOL wage and hour audits and enforcement actions. Specifically, the association wants to know who has been subject to an audit or enforcement action, where the audit or enforcement action was conducted, the scope of the audit or enforcement action (i.e. job categories, type of alleged wage and hour violations), and the outcome of the audit or enforcement action. The information will be used by NAMB and its attorneys only for the purposes described above and shall not otherwise be disclosed or disseminated. Please e-mail all responses to NAMB Regulatory Counsel Nikita Pastor at [email protected]. For more information, visit www.namb.org.