Reg Z Ability to Repay (ATR) and Qualified Mortgage (QM) for Compliance Professionals
Course Number: ABA
Course Code: n/a
Explains the ability to repay rules for all Regulation Z closed-end mortgages, including the eight minimum underwriting factors and the special circumstances that qualify for transitioning nonstandard to standard mortgage loans. Describes the purpose and qualifications associated with the qualified mortgage rules.
After completing this course, students will be able to:
– Describe the Ability to Repay rules for covered Regulation Z closed-end mortgages
– Explain the purpose and qualifications for the Qualified Mortgage rules
Audience: Compliance and risk management professionals including compliance managers, officers, and other team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, and auditors.