Ability-to-Repay/Qualified Mortgage Rule Amended 

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On Dec. 29, 2020, the Consumer Financial Protection Bureau (CFPB) published in the Federal Register two final rules amending the Ability-to-Repay/Qualified Mortgage Rule (ATR/QM Rule) in Regulation Z. These final rules are:

Both final rules are effective on March 1, 2021. For the General QM Final Rule, the mandatory compliance date is July 1, 2021.

Click here to read the alert. 

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