United States: CFPB Proposes To Delay Mandatory Compliance Date For New General Qualified Mortgage - Ballard Spahr LLP

United States: CFPB Proposes To Delay Mandatory Compliance Date For New General Qualified Mortgage - Ballard Spahr LLP

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The CFPB has proposed to delay the mandatory compliance date for the new general qualified mortgage rule that amends the Regulation Z ability to repay/QM rule from July 1, 2021 to October 1, 2022.

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