Loan Originator Compensation Compliance Course

This 32-minute course aims to provide mortgage loan originators (MLOs) with a comprehensive understanding of the Loan Originator Compensation Rule (LO Comp Rule) as part of Regulation Z of the Truth-in-Lending Act. Participants will learn the key regulatory requirements, clarify common compliance issues, and explore best practices for maintaining compliance in loan originator compensation. By the end of the course, MLOs will be better equipped to navigate the complexities of the LO Comp Rule, ensuring ethical compensation practices while minimizing the risk of regulatory violations. Topics covered include:

• What the LO Comp Rule Accomplishes;
• What is Compensation;
• Compensation Provisions;
• Record Retention;
• Essential Aspects of the Rule;