The DOL Reversal On Mortgage Loan Officers
Administrator’s Interpretation No. 2010-1 represented an abrupt reversal of the DOL’s past position, as reflected in a 2006 opinion letter, on this heavily litigated issue.
In addition, this first “Administrator’s Interpretation” represents a departure from the DOL’s long-standing practice of issued detailed opinion letters in response to fact-specific requests. Instead, the...
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