With so much focus on AB5, California and the IRS reporting of originator income, is it possible we are missing the 10,000 lb gorilla? California is leading the country into a necessary review of worker misclassification.
Recently New Jersey, New York, Illinois, Wisconsin, Oregon and Washington joined California with their version of how to address this issue of “worker misclassification.”
The SAFE Act passed in Congress on July 30, 2008 mandated that all states adopt regulations over mortgage loan origination and that a nationwide system of licensing and registration be adopted August 1, 2009. One year!
If you haven’t thought about the connection, it might be a good idea to watch the video below.
I welcome challenges, thoughts, documents and any other information you may have to broaden my perspective, as I attempt to broaden yours!
Deb@cloes.online (866) 256-3766
#1099, #W-2, #mortgage loan originators, #DRE, #compliance #licensing