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GEORGIA MORTGAGE LOAN OFFICERS NOT EXEMPT UNDER THE FLSA
A recent opinion issued by the Department of Labor (DOL) determined that mortgage loan officers do not qualify as bona fide administrative employees exempt under section 13(a)(1) of the Fair Labor Standards Act (FLSA), 29 U.S.C. Sec. 213(a)(1). As a result, they are entitled to receive overtime pay, typically one and one half times their regular rate of pay for all hours worked over 40 hours in any workweek. The DOL issued its opinion after reviewing whether a mortgage loan officer was “exempt” based on the 3-part test set forth…