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            April 5, 2011   

                                                      Stay Is Dissolved 
                                       Loan Originator Compensation Effective

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Greetings!

 

The emergency motion for expedited relief and the emergency motion to permanently stay implementation of final rule pending appeal has been denied by the U. S Court of Appeals - DC.

 

The Court has ordered the administrative stay entered on March 31, 2011 to be dissolved.

 

The Court further ordered that the motions be denied, because the Appellants (National Association of Mortgage Brokers and the National Association of Independent Housing Professionals) "have not satisfied the stringent standards required for a stay pending appeal."

 

Visit our Library for the Order (see below). 

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U. S. Court of Appeals - Order Dissolving Administrative Stay in NAMB/NAIHP v FRB

April 5, 2011



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