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New ATR & QM Rule Changes Effective July 1, 2021

Feb 22 2:00 PM - Feb 22, 2021 3:30 PM
Feb 22, 2021 2:00 PM - 3:30 PM
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A new deadline! New ATR and QM rule changes are effective July 1, 2021.The new rules cover General QM loans and Seasoned QMs – a whole new category and new set of rules. Do you know which loans will be affected? Are ability-to-repay calculations changing? Now’s the time to get the specifics, learn how to strengthen ATR/QM compliance, and get implementation guidance.

Learning Objectives

  • Understand the newly issued QM final rules
  • Determine which loans are affected by the ATR/QM rules
  • Define the qualified mortgage options and requirements for each
  • Use best practices and tools to determine a borrower’s ability to repay
  • Identify which institutions qualify as “small creditors”

The CFPB recently finalized two rules related to qualified mortgage (QM) loans. The first replaces current debt-to-income (DTI) requirements for General QM loans; the second creates an entirely new category for qualified mortgages – Seasoned QMs. Both rules are effective 60 days after publication in the Federal Register; however, the mandatory compliance date for the General QM requirements is July 1, 2021 – which will be here before you know it!

This webinar will dive into the final QM rules and provide best practices for preparing your policies, procedures, systems, and staff for the changes. In addition, it will review the seven ability-to-repay (ATR) options and not only provide guidance to implement the new changes, but also to strengthen your current ATR/QM compliance program. Don’t miss this jam-packed session! 

Agenda

Speakers

Dawn Kincaid, Brode Consulting Services, Inc.

Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.

Location

Fees

$259.00 

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Lending & Collections
  • Compliance