CFPB Updates Ability to Repay and Qualified Mortgage Small Entity Guide 

Because of amendments made to Regulation Z on May 29 and July 10, the CFPB has updated its Small Entity Compliance Guide for the Ability-to-Repay and Qualified Mortgage rules.

The guides are in a frequently asked-question format, making the content easier to interpret. A Small Entity Compliance Guide is available for each of the new mortgage rules and can be found on the CFPB’s Mortgage Rule Implementation Page on its website.


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