The attorneys working with IQOvertime.com are looking to hear from loan officers who were denied overtime pay. It has been alleged that certain financial institutions have violated federal wage and hour law by denying time-and-a-half wages to eligible loan officers who work more than 40 hours a week. If you have been denied overtime pay as a loan officer, you may have legal recourse if your employer violated applicable overtime laws. To find out if you can make a claim for your unpaid overtime hours, visit http://www.iqovertime.com/loan-officers-and-loan-consultants-unpaid-overtime--41105.html
for a free case review.
To be ineligible to collect overtime, a loan officer, or any other employee, must be found ‘exempt’ from overtime law
. This means that the employee must meet a strict set of criteria which disqualifies them from overtime pay. For instance, employees who are “exempt” executives must be paid on a salary basis and receive at least $455 per week; manage the company, a department or subdivision; regularly direct the work of two or more full-time employees; and have the authority or influence to hire or fire other employees. Likewise, “exempt” administrators must earn a salary of at least $455 per week; perform office or non-manual work directly related to business operations; and exercise discretion and independent judgment in significant matters.
A common overtime law violation, employee misclassification occurs when an employer intentionally places an employee who is eligible for overtime pay, or “non-exempt,” into an exempt category, such as the administrative exemption. Employees, including loan officers, who have been misclassified may be able to make a claim for their unpaid overtime wages
, dating back two to three years. To learn more about your eligibility to collect unpaid overtime, visit IQOvertime.com for a free consultation.
About IQ Overtime
IQOvertime.com was established to provide legal help and information for workers who have been denied overtime compensation. Comprehensive resources for workers are available on this site, including informational articles, an overtime calculator, answers to frequently asked questions, and an overview of state overtime laws. If you have been denied overtime pay, get the legal help you need today. Visit http://www.iqovertime.com and complete the Free Case Evaluation form to have your claim reviewed at no cost.