Regulation Z Ability-to-Repay and Qualified Mortgage Risk Assessment

$50.00

The Regulation Z Ability-to-Repay and Qualified Mortgage Risk Assessment provides a framework upon which the risk related to the Section 1026.43 requirement for determining the consumer’s ability to repay, in consumer credit transactions secured by a dwelling, is evaluated.

Description

Examiners expect all financial institutions to conduct and document a comprehensive, ongoing, institution-wide risk assessment. The Risk Assessment evaluates and rates inherent risk, the quality of controls and residual risk. Benchmarks are provided for each rating for each factor. The Regulation Z Ability-to-Repay and Qualified Mortgage Risk Assessment provides a framework upon which the risk related to determining ability to repay, on consumer credit transactions secured by a dwelling, is evaluated.

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