Countdown to ATR/QM Changes Effective October 1, 2022: 
Preparing Policies & Processes 

Thursday, July 7, 2022
11:00 am – 12:30 pm Eastern

The clock is ticking down to the October 1, 2022, compliance deadline.  Is your institution ready for the new QM loan rules?  Do you know the seven ability-to-repay options?  If you don’t have your arms around the implementation steps and content of the final rules, you’d better act fast!

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Understand the newly issued QM final rules
• Determine which loans are affected by the ATR/QM rules 
• Define the qualified mortgage options and requirements for each
• Use best practices and tools in determining a consumer’s ability to repay
• Distinguish which institutions qualify as “small creditors”
  

WEBINAR DETAILS 

The QM rules have been on a rollercoaster the last two years.  Originally the CFPB released two final rules related to qualified mortgage (QM) loans. The first was to replace the DTI requirements for general QM loans and the second was to create an entirely new category for qualified mortgages – seasoned QMs. On December 29, 2020, the CFPB published the final rule in the Federal Register, giving it an effective date of March 1, 2021; however, the mandatory compliance date was July 1, 2021.  Then on April 30, 2021, the CFPB published a new notice in the Federal Register extending the mandatory compliance date for the General QM Rule to October 1, 2022.  

This session will dive into the final QM rules and provide best practices for how to prepare your policies, procedures, systems, and staff for the changes.  It will also review the seven ability-to-repay (ATR) options and provide guidance on implementing the new changes and how to strengthen your current ATR/QM compliance program.  Don’t miss this jam-packed session! 

WHO SHOULD ATTEND?

This informative session would best suit loan officers, loan operations personnel, compliance officers, and internal auditors.  

TAKE-AWAY TOOLKIT

• Sample policy language
• Sample ATR worksheet
• Employee training log 
• Interactive quiz
• PDF of slides and speaker’s contact info for follow-up questions
• Attendance certificate provided to self-report CE credits
  

SPEAKER

Dawn Kincaid
Brode Consulting – Compliance Consultant

Dawn Kincaid began her banking career working for a community bank, while attending The Ohio State University. She has nearly fifteen years of experience in client service, operations, information technology, administrative and board relations, marketing and compliance. Most recently Dawn served as the Senior Vice President of Bank Operations for a central-Ohio based community bank, where she created and refined the bank’s policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. She has served in the roles of Compliance, BSA/AML, CRA, Privacy and Security Officer and led training initiatives, prepared due diligence information for and completed a variety of regulatory applications and coordinated internal and external audits and exams.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by Financial Education & Development

If you are having issues with registering online, please contact CBAO's Education, Training & Special Events Coordinator, Malia Widder, (614) 610-1877.