Skip to main content

CFPB Bulletin 2012-02: Payments to Loan Originators

The Consumer Financial Protection Bureau issued CFPB Bulletin 2012-02 regarding the payment of compensation to loan originators under Regulation Z, 12 C.F.R. § 1026.36. The Bulletin clarifies that employers of loan originators may make contributions to employees’ qualified profit sharing, 401(k), and stock ownership plans out of a profit pool derived from mortgage loan originations.

SOLUTIONS THAT WORK. TECHNOLOGY TO STAY COMPLIANT.