Hawaii Overtime Law and Bank Loan Officers

Hawaii bank loan officers who were denied overtime pay may be able to collect up to three years of unpaid overtime wages.

Back to Hawaii Overtime Law

 According to Hawaii overtime law, bank loan officers are generally entitled to receive overtime pay when working more than 40 hours in a single workweek. Loan officers who are employed by Hawaii banks can only be denied overtime pay if they meet one of the specific Hawaii overtime exemptions. These exemptions are specific, and generally only apply to those employed in a creative, administrative or executive position. Therefore, if you’ve been denied overtime pay as a Hawaii bank loan officer, your employer may have violated overtime law. Fill out our free case review form today, and our Hawaii overtime attorneys can determine if you can file a lawsuit to collect up to three years of back overtime pay for your employer's alleged violations. 

Hawaii Bank Loan Officers: Employee Misclassification

Employee misclassification is a common overtime scam affecting workers in the financial services industry, including loan officers. Employee misclassification occurs when an employer intentionally denies overtime pay to an eligible employee by classifying them into an exempt category. Because “exempt” employees are ineligible for overtime pay, this overtime scam allows employers to deny overtime pay to eligible employees, such as bank loan officers. 

Hawaii bank loan officers who were denied overtime pay may have been misclassified as an executive or administrative employee. To be a true “executive” or “administrator”, however, the employee must meet a strict set of criteria. The following questions can help determine if you truly exempt under either of these categories:

Executive:

• Do you receive a salary of at least $455 per week?
• Do you have the ability to hire and fire other workers?
• Do you regularly direct the work of two full-time employees?

If you answered “no” to any of these questions, you are not an executive and may be entitled to overtime pay. 

Administrative:

• Do you receive a salary of at least $455 per week?
• Is your primary duty to perform office or non-manual work related to the company’s general operations?
• Do you regularly exercise independent judgment in important matters?

If you answered “no” to any of these questions, you are not an administrator and may be entitled to overtime pay. 

Overtime Lawyers for Hawaii Bank Loan Officers

Hawaii bank loan officers who were misclassified as “executives” or “administrators” or otherwise subjected to illegal overtime practices may be able to file an overtime lawsuit to recover up to three years of unpaid overtime, as well as an equal amount in liquidated damages. Because it is often difficult to determine your overtime exemption status, our Hawaii overtime lawyers are offering a free online legal consultation to help determine your eligibility for overtime pay. Hawaii overtime law protects employees who elect to exercise their legal rights, so do not hesitate to contact us today for a free evaluation of your potential unpaid overtime case.