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Question 1 of 6
1. Question
Compensation Based on Terms
Under Regulation Z’s loan originator compensation rules, which form of compensation is prohibited?
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Question 2 of 6
2. Question
Pricing Concessions
Which statement describes a prohibited “pricing concession” under the TILA loan originator compensation rule?
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Question 3 of 6
3. Question
Profit-Based Compensation
Which of the following forms of compensation is prohibited under the final rule?
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Question 4 of 6
4. Question
Retirement Plan Contributions
Which of the following is permitted as part of a loan originator’s retirement plan under Regulation Z?
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Question 5 of 6
5. Question
Non-Deferred Profit-Based Compensation – Volume Test
When is a loan originator allowed to receive non-deferred, profit-based compensation?
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Question 6 of 6
6. Question
Non-Deferred Profit-Based Compensation – Percentage Limit
What is the maximum allowed amount of non-deferred profits-based compensation a loan originator may receive?
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