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Countdown to ATR/QM Changes Effective October 1, 2022: Preparing Policies & Processes

Jul 07 2:00 PM - Jul 07, 2022 3:30 PM
Jul 07, 2022 2:00 PM - 3:30 PM
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The clock is ticking down to the October 1, 2022, compliance deadline. Is your institution ready for the new QM loan rules? Do you know the seven ability-to-repay options? If you don’t have your arms around the implementation steps and content of the final rules, you’d better act fast!

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 in determining a consumer’s ability to repay
  • Distinguish which institutions qualify as “small creditors”

The QM rules have been on a rollercoaster the last two years. Originally the CFPB released two final rules related to qualified mortgage (QM) loans. The first was to replace the DTI requirements for general QM loans and the second was to create an entirely new category for qualified mortgages – seasoned QMs. On December 29, 2020, the CFPB published the final rule in the Federal Register, giving it an effective date of March 1, 2021; however, the mandatory compliance date was July 1, 2021. Then on April 30, 2021, the CFPB published a new notice in the Federal Register extending the mandatory compliance date for the General QM Rule to October 1, 2022.

This session will dive into the final QM rules and provide best practices for how to prepare your policies, procedures, systems, and staff for the changes. It will also review the seven ability-to-repay (ATR) options and provide guidance on implementing the new changes and how to strengthen your current ATR/QM compliance program. Don’t miss this jam-packed session! 



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.




Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.


Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Lending & Collections
  • Compliance