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CFPB updates dollar amount thresholds for QM
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Dodd-Frank Basics, Legislation
Tuesday, September 22, 2015
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The Consumer Financial Protection Bureau has updated the dollar amounts for various thresholds under Regulation Z, which implements the Truth in Lending Act. The thresholds are adjusted annually based on the annual percentage change in the Consumer Price Index. Read on to find out the thresholds for qualified mortgages, effective Jan. 1, 2016.
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