Description
The Regulation Z Ability-to-Repay/Qualified Mortgage Compliance Management System includes detailed complaince tools to help you comply with the ATR/QM rules. The CMS include: 1) Director/Senior Management Update of recent changes, 2) Policy Update to be incorporated into existing policy, 3) Procedures Update covering ATR/QM rules, 3)ATR coverage Flowchart, 4) Higher-Priced Covered Transaction Coverage Flowchart, 5) 8 Factors Features Checklist, 6) ATR Options Decision Tree, 7) Prepayment Penalty Checklist, 8) General QM Checklist, 9) Balloon QM Checklist, 10) Small Creditor QM Checklist, 11) Temporary Balloon QM Checklist, 12) Temporary GSE QM Checklist, 13) Seasonsed QM Checklist, and 14) Nonstandard-Standard Checklist.
1/2021
