QM Definition under TILA (Reg Z): General QM Loan Definition

QM Definition under TILA (Reg Z): General QM Loan Definition

The CFPB is proposing the amendments to the General QM loan definition that are referenced in a separate proposal (QM Definition Under TILA [Reg Z]: Extension of Sunset Date). The Bureau's objective with these proposals is to facilitate a smooth and orderly transition away from the Temporary GSE QM loan definition and to ensure access to responsible, affordable mortgage credit upon its expiration