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A Walk Through Appendix Q for Ability to Repay & Qualified Mortgages

Under Regulation Z ability-to-repay rules, creditors shall not make a loan that is a covered transaction unless the creditor makes a reasonable and good faith determination at or before consummation that the consumer will have a reasonable ability to repay the loan according to its terms. Easy enough, right? In this webinar we will try to take a look at the tools and concepts that can help frame this unwieldy topic.

What You Will Learn:

  • We will discuss the Appendix Q guidance
  • Commentaries to the regulation including the factors that a lender must consider before making a loan What are acceptable income verification and the intricacies of measuring business income
  • We delve into when contingent liabilities must be considered
  • How ECOA interplays with the ability-to-repay rules.

Who Should Attend:

Mortgage Lending Officers (All Levels), Compliance Officers, Auditors, Director Loan Committee

Level: Intermediate

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