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CFPB Resources

Ability-to-Repay and Qualified Mortgage Rule and Concurrent Proposal Summary
The Consumer Financial Protection Bureau (CFPB) is issuing a final rule to implement laws requiring mortgage lenders to consider consumers' ability to repay home loans before extending them credit. The rule will take effect on January 10, 2014. Click above to read a summary of the Ability-to-Repay and Qualified Mortgage Rule and the concurrent proposal.

Ability-to-Repay and Qualified Mortgage Rule - Small Entity Compliance Guide
This guide explains the requirements for creditors to follow to determine whether the loans your organization originates meet the QM requirements and, if so, whether they will receive either a safe harbor or rebuttable presumption of compliance with the ATR requirements.

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