Would like to sue and collect commissions on loans I should have closed.
I recently put in three weeks notice to my company where I worked as a loan officer. I made 50% of the commissions on closed loans. My boss then fired me immediately so that he could close the loans and not have to split the commissions. Do I have any legal options to sue or get that money through severance. I was supposed to use those three weeks to close the loans and collect a much needed paycheck.
1 answer | asked Nov 30, 2003 7:57 PM [EST] | applies to Ohio
Answers (1)
You should receive commissions that you already earned
In Ohio, so long as you did all of the work to prospect, originate, qualify and prepare the loan for closing, your boss should not be able to deprive you of the commissions by firing you and closing them himself, unless your commission agreement clearly states otherwise.
How much is at stake?
If you want to talk about this and your options for getting the money, call 330.665.5445 for a consultation. Hit extension 0 for Bev and she will get you on my calendar. If you prefer to do a telephone consultation, let Bev know that I will be willing to do one. The telephone consultation rate is $150 per hour, as opposed to $200 for a typical 90 minute session.
Regards,
Neil Klingshirn
posted by Neil Klingshirn | Dec 1, 2003 09:52 AM [EST]
In Ohio, so long as you did all of the work to prospect, originate, qualify and prepare the loan for closing, your boss should not be able to deprive you of the commissions by firing you and closing them himself, unless your commission agreement clearly states otherwise.
How much is at stake?
If you want to talk about this and your options for getting the money, call 330.665.5445 for a consultation. Hit extension 0 for Bev and she will get you on my calendar. If you prefer to do a telephone consultation, let Bev know that I will be willing to do one. The telephone consultation rate is $150 per hour, as opposed to $200 for a typical 90 minute session.
Regards,
Neil Klingshirn
posted by Neil Klingshirn | Dec 1, 2003 09:52 AM [EST]
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