Ability-to-Repay Standards under the Truth in Lending Act (Regulation Z); Proposed Rule, Comment Request (CFPB - Fed. Reg. Version)

The CFPB published in the Federal Register proposed amendments to Regulation Z that would provide certain exceptions from these requirements, including exemptions for certain nonprofit creditors and certain homeownership stabilization programs, as well as an additional definition of a "qualified mortgage" for certain loans made and held in portfolio by small creditors.Click here to view our original story, analysis and commentary on the proposed amendments.

Comments Due: Comments generally must be received on or before February 25, 2013.

View rule release in full: 78 FR 6621.