New CFPB Small Creditor Compliance Chart

CFPBThe Consumer Financial Protection Bureau (CFPB) has released a new tool to assist institutions in their compliance efforts with the mortgage reform rules. The newest tool, a chart, maps out the types of qualified mortgages that small creditors can originate. The quick reference chart can be found here.

The CFPB provides these charts offer an easy way to visualize how the new mortgage rules are likely to apply to certain products or transactions in a variety of circumstances.

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