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MBA filed complaint in the Federal District Court challenging the Administrator’s Interpretation, saying the document was inconsistent with 2004 regulation. More important to the case, the MBA argued the administrative ruling was procedurally invalid in light of the D.C. decision in the Paralyzed Veterans case, which ruled rule amendments can’t be made without notice and opportunity for comment because it violated the Administrative Procedure Act (ACA).
Read More »U.S. Supreme Court Rules Mortgage Bankers Eligible for Overtime Pay
