Escrow Closers and Officers May be Owed Unpaid Overtime
Last Updated on March 22, 2021
Investigation Complete
Attorneys working with ClassAction.org have finished their investigation into this matter.
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Case Update
- March 22, 2021 – Investigation Closed
- Thank you to everyone who helped contribute to this investigation. Unfortunately, at this point, attorneys working with ClassAction.org have decided to close their investigation into this matter. If you have questions regarding your rights, please reach out to an attorney in your area. Most offer free consultations.
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At A Glance
- This Alert Affects:
- Escrow officers and escrow closers who work more than 40 hours a week and are not receiving time-and-a-half compensation for their overtime work.
- Damages:
- Escrow officers and escrow closers who are wrongfully denied overtime pay may be able to recover back pay, liquidated damages and attorneys' fees.
- Additional Details:
- Overtime pay aims to compensate escrow closers, escrow officers and other employees with time-and-a-half pay for hours worked in excess of 40 during a single workweek.
- Date:
- Escrow closers and escrow officers who were wrongfully denied overtime may be able to recover back pay for up to the two years prior to filing an overtime lawsuit. If the worker's employer willfully violated overtime law, the employee may be able to collect up to three years of unpaid overtime.
Working more than 40 hours a week as an escrow closer or escrow officer?
Under federal law, employers are required to pay “non-exempt” workers 1.5 times their regular rate for all overtime hours worked. It seems to be a widespread practice in the title insurance industry for employers to misclassify escrow closers and escrow officers as “exempt” employees to avoid paying these workers for their overtime hours. According to several court rulings, however, escrow officers and escrow closers are non-exempt employees and therefore are entitled to overtime pay.
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