Compensation Eligibility Sample Clauses
Compensation Eligibility. To be eligible for compensation the loan originator must fully comply with RESPA, TILA, TRID, HOEPA, the Fair Housing Act, and ECOA. Additionally, the originator must comply with all state and federal regulations as they apply to residential mortgages. Innovative conducts a quality control review on ALL funded loans and randomly completes top to bottom file audits. Originator will not be compensated for any funded transactions for which originator failed to follow acceptable professional and industry standards, for any loans that fail a quality control review/audit or for any loans found to contain fraud or misrepresentation. Innovative reports loan fraud to federal, state and local authorities
Compensation Eligibility. To be eligible for compensation the loan originator must fully comply with RESPA, TILA, TRID, HOEPA, the Fair Housing Act, and ECOA. Additionally, the originator must comply with all state and federal regulations as they apply to residential mortgages. Harmony conducts a quality control review on ALL funded loans and randomly completes top to bottom file audits.
Compensation Eligibility. An employee who is terminated by an employer is eligible for compensation based on the following formula: - after 3 months consecutive employment, 1 week’s pay - after 1 year, two weeks’ pay, and - after 3 years, 3 weeks’ pay plus 1 week’s pay for each additional year of employment to a maximum of eight weeks. An employee’s period of continuous employment is not interrupted by the sale, lease or transfer of a business.
Compensation Eligibility. A student may be eligible for compensation in the event that ArtsEd is not able to preserve his or her continuity of study - please see paragraph 26. Any request for compensation must be made in writing to the Principal. Please refer to the Tuition Fee Refund and Compensation Policy for more details.
Compensation Eligibility. To be eligible for compensation the loan originator must fully comply with RESPA, TILA, TRID, HOEPA, the Fair Housing Act, and ECOA. Additionally, the originator must comply with all state and federal regulations as they apply to residential mortgages. Innovative conducts a quality control review on ALL funded loans and randomly completes top to bottom file audits. Originator will not be compensated for any funded transactions for which originator failed to follow acceptable professional and industry standards, for any loans that fail a quality control review/audit or for any loans found to contain fraud or misrepresentation. Innovative reports loan fraud to federal, state and local authorities and will prosecute offenders to the fullest extent of the law. Innovative Mortgage will clawback compensation where ill-gotten and as a consequence of early payoffs, payment default, and lender/investor recapture. Innovative retains the right and option to immediately clawback via ACH direct debit or to use the right of setoff against future or contemporaneous compensation.