LO Compenstion

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Fed Wins Round 1 in LO Comp Suit

Mar 31, 2011By

After receiving written briefs and listen to oral arguments in the lawsuit against the Loan Originator Compensation rule, Judge Beryl Howell denied the plaintiffs motion seeking a temporary restraining order and preliminary injunction against the implementation of the rule. In denying the motion in a 46 page ruling, Judge Howell noted that granting the preliminary injunction requires the plaintiff to establish a high likelihood of success in their lawsuit, stating that they failed to show that the Rule was issued without authority or is arbitrary or capricious.  It is important to note that this ruling is not a determination

3d rendering of a row of luxury townhouses along a street

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