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Home » Store » State Regulation » MMC L.O. Comp Exam Guidelines Provide Precious Little Guidance

MMC L.O. Comp Exam Guidelines Provide Precious Little Guidance

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State Regulation

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The recently issued state regulator examination guidelines for compliance with the federal loan originator compensation regulations “continue the game of hot potato,” according to Kristie Kully, of counsel with the K&L Gates law firm. “While there are many significant questions that remain in understanding and implementing the loan originator compensation restrictions, the new state Conference of State Bank Supervisors/American Association of Residential Mortgage Regulators examination guidelines do not (and cannot really be expected to)…
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