April 1, 2011 is the effective date for new provisions under Regulation Z that place restrictions on loan originator compensation and on steering by loan originators. These rules, which apply to closed-end loans secured by a consumer’s dwelling, prohibit:

Payments based on the loan’s interest rate or other terms. Payments based upon a fixed percentage of the loan amount, however, are expressly allowed; Payments to a mortgage loan originator received directly from a consumer if that mortgage loan originator is also receiving compensation from the lender or any other party...