In addition, you must verify the information you rely on to make the ATR determination. You must consider, at a minimum, eight specific underwriting standards when making an ATR determination. The ATR/QM rule requires you to make a reasonable, good-faith determination that a member has the ability to repay a covered mortgage loan before or when you consummate the loan. What are the Basic Ability-to-Repay Requirements? An exempt loan remains exempt even if it is sold, assigned, or otherwise transferred to a creditor that would not qualify for the exemption. The exemption applies to all loans made by the above creditors or under the above loan programs, provided the conditions for the exempted creditor or loan program are satisfied.
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