ContractCompensation Agreement Addendum • December 3rd, 2014
This Compensation Agreement Addendum (“Addendum”) is entered into this _ day of _, 20 (“Effective Date”), by and between (“Broker”) and LoanStream, a division of OCMBC, Inc. (hereinafter referred to as “LoanStream” and/or “Lender”), and hereinafter collectively referred to as party or parties. Broker will be compensated by Lender in accordance with the requirements under the Truth in Lending Act (TILA) and R egulation Z, specifically the Loan Originator Compensation Rules. If Broker is compensated by the borrower or any other person or entity then the terms pertaining to Lender Paid Compensation will not be applicable except as stated below.
