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(EMAILWIRE.COM, December 07, 2011 ) New York, NY – Class Action.org is investigating whether Bank of America loan officers have been properly paid for their overtime hours. It has been alleged that several financial institutions have been misclassifying its mortgage loan officers as ineligible to collect overtime wages, even when they are legally entitled to receive time-and-a-half pay for every hour worked over 40 in a single workweek. If you were denied overtime pay as a Bank of America loan officer, you may be able to make a claim of up to three years of unpaid overtime wages. To find out if you you are eligible, visit http://www.classaction.org/bank-of-america-overtime-lawsuit-loan-officers.html for a free case review.
When a loan officer is misclassified as exempt or otherwise denied overtime pay to which they are entitled, legal recourse may be available. Potentially, these individuals may be able to participate in a lawsuit to seek up to three years of unpaid overtime, as well as an equal amount in liquidated damages. In other words, if an employee recovers $3000 in an unpaid overtime, they may also be entitled to an additional $3000 in liquidated damages, bringing their total recovery to $6000. AttorneysÂ’ fees are also available for recovery in an unpaid overtime lawsuit.
Bank of America loan officers who were denied overtime pay can take advantage of the free case review being offered at Class Action.org. This no cost online consultation can help loan officers, at this or any other establishment, determine if they have been wrongfully denied overtime pay. Overtime law prohibits employers from retaliating against those who elect to exercise their legal rights, but also sets a time limit on which these types of cases can be filed before the potential claimant is barred from ever taking legal action for their unpaid overtime. To learn more about the legal rights which may be available to loan officers denied overtime pay, visit Class Action.org today.
About Class Action.org
Class Action.org is dedicated to protecting consumers and investors in class actions and complex litigation throughout the United States. Class Action.org keeps consumers informed about product alerts, recalls, and emerging litigation and helps them take action against the manufacturers of defective products, drugs, and medical devices. Information about consumer fraud issues and environmental hazards is also available on the site. Visit http://www.classaction.org today for a no cost, no obligation case evaluation and information about your consumer rights.
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