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Federal Appeals Court Rules Mortgage Underwriters Owed Overtime for Work in Excess of 40 Hours

Tuesday, July 11, 2017   (0 Comments)
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The Ninth Circuit Court of Appeals issued a decision last week holding that mortgage underwriters are not exempt from the overtime requirements of the Fair Labor Standards Act (FLSA). The July 6 decision, which furthers a split among several federal circuit courts, has the potential to profoundly impact the pay practices of companies that employ mortgage underwriters, particularly those with employees located in the western part of the United States. [more]

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