ABA and law firm BuckleySandler released “The New CFPB Mortgage Origination Rules Deskbook,” a free and comprehensive reference guide to help bankers understand and comply with the CFPB’s rules when originating loans.
The ABA members-only deskbook — available in a printable electronic format — consolidates all available CFPB compliance guidance. In addition to the rule text and official commentary, the deskbook encompasses CFPB interpretive rules, bulletins, small entity compliance guides, webinars and conference presentations and is intended to be a “one stop shop” for origination compliance.
Authored by BuckleySandler partner Joseph Reilly, the deskbook covers ability-to-repay and Qualified Mortgage requirements, points and fees, loan originator compensation, appraisals, high-cost mortgages and QM provisions for Federal Housing Administration and Veterans Administration loans, among others. It also offers a summary of the TILA-RESPA disclosure integration taking effect next year.
Download the deskbook.
Indicates ABA members-only material.
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