I resigned from my Mortgage position from a bank and on the Compensation agreement, it states that I will get paid for any originated loans that close within 30 days of my exit. Immediately after leaving, my loans were changed to other employees, and they

Resignation of a Mortgage Position from a Bank and not being paid for Commission Pay within 30 days of exiting

1 answer  |  asked Nov 20, 2015 10:44 AM [EST]  |  applies to Florida

Answers (1)

Phyllis Towzey
I can't give you a definite answer without reviewing your actual contract. You need to speak with an attorney to determine whether you do have a breach of contract claim, or whether the language of the agreement allows the company to change it's policy regarding payment of post-termination commissions. Generally, the rule is that the contract will control. If there is no contract, then courts look at the custom in the industry and to what extent any work remains to bring the loans to closing that must be completed by another employee.

posted by Phyllis Towzey  |  Nov 20, 2015 10:48 AM [EST]

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