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Ability to repay and qualified mortgages (ATR/QM)

Resources to help industry participants understand, implement, and comply with the Ability to Repay/Qualified Mortgage (ATR/QM) rule.

Featured topic

On June 22, 2020, the Bureau issued two proposals to amend the ATR-QM Rule: the Patch Extension NPRM and the General QM NPRM. The Bureau has provided unofficial redlines showing the proposed changes to the ATR-QM Rule and a summary of the proposals .

Rule

Browse the ATR/QM rule to see specific amendments to Regulation Z.

Regulations and official interpretations

Browse Regulation Z (12 CFR1026) on: Interactive Bureau Regulations | eCFR

Main ATR/QM rule provisions and official interpretations can be found in:

  • § 1026.43(a), Scope
  • § 1026.43(b), Definitions
  • § 1026.43(c), Ability to repay
  • § 1026.43(d), Refinancing of non-standard mortgages
  • § 1026.43(e), Qualified mortgage
  • § 1026.43(f), Balloon-payment qualified mortgages made by certain creditors
  • § 1026.43(g), Prepayment penalties
  • Appendix Q to Part 1026—Standards for determining monthly debt and income
  • Supplement I to Part 1026 (including official interpretations for the above provision)

Quick references

Coverage charts

Proposed rule changes and related materials

Summary of June 2020 proposals to amend the ATR-QM Rule

Unofficial redline of the Patch Extension NPRM’s proposed changes to the ATR-QM Rule

Unofficial redline of the General QM NPRM’s proposed changes to the ATR-QM Rule