Christmas has come a few weeks early!
The CFPB has sent us a little Christmas cheer in the form of not one but two Final Rules related to Qualified Mortgages (QM). These Rules finalize the requirements for both the General QM and Seasoned QM which were proposed earlier this year. The mandatory compliance date is July 1, 2021, so you’re not going to sit around and wait too long.
Click on the video to listen to Jerod explain more.
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar, or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups, and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru.
Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports related!