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CFPB Executive Summary of Final Rule on Qualified Mortgage Definition Delay

Published on April 27, 2021
CFPB Executive Summary of Final Rule on Qualified Mortgage Definition Delay

On April 27, 2021, the Consumer Financial Protection Bureau (CFPB) released this executive summary of its final rule delaying the mandatory compliance date for the final Qualified Mortgage (QM) Definition under the Truth in Lending Act: General QM Loan Definition from July 1, 2021 to October 1, 2022.

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