CFPB Small Entity QM Compliance Guide

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On April 10, the CFPB published a small entity compliance guide for the Ability-to-Repay and Qualified Mortgage rule, as well as a comparison chart which compares the general Ability-to-Repay requirements with the requirements for originating Qualified Mortgage loans. CFPB Compliance Guide. CFPB Comparison Chart.

Topics:  Ability-to-Repay, CFPB, Qualified Mortgage Rule, Small Entity Compliance Guide

Published In: General Business Updates, Consumer Protection Updates, Finance & Banking Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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