Jonathan Cannon on the Federal Reserve Board's New Rules for Loan Officer Compensation.

On this edition, Jonathan Cannon of BuckleySandler LLP's Los Angeles office discusses the Federal Reserve Board's new compensation rules for mortgage loan officers that went into effect in April 2011. He analyzes details of the new rules, some of their grey areas, penalties and risks of noncompliance and provides some best practices to prevent inadvertent noncompliance. Copyright© 2010 LexisNexis, a division of Reed Elsevier Inc. Visit http://www.lexisnexis.com/community/realestatelaw/.