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QM – Mobile Home (no land)

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  • #6534

    We have a loan to be secured by a mobile home with no land. Does QM/ATR rules apply?
    It looks like a covered transaction only needs to be secured by a dwelling to be covered, am I thinking correctly? I have not been able to find an exemption that would apply.

    #6535
    rcooper
    Member

    You are correct. The QM/ATR rules do apply a consumer loan secured by a mobile home without land.

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