Ability-to-Repay and Qualified Mortgage Standards Under the Truth in Lending Act (Regulation Z); Final Rule, Official Interpretations (CFPB - Fed. Reg. Version)

The CFPB published in the Federal Register final amendments to Regulation Z regarding its "Ability-to-Repay" rule requiring mortgage lenders to make "reasonable, good faith determinations" that customers are able to repay loans, and establishing minimum requirements for making such determinations. Click hereto view our original story on the Final Rule.

Effective Date: January 10, 2014.

View rule release in full: 78 FR 6407.