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compliance verify checks for ability to repay law

Ability-To-Repay Rule

“Under the general ATR standard, you must make a reasonable, good-faith determination before or when you consummate a covered mortgage loan that the consumer has a reasonable ability to repay the loan.”

Compliance VERIFY helps tracks down the information you need to fulfill your requirements. Make sure you have a more complete picture for Ability-To-Repay conditions before a loan decision is made.

At a minimum, creditors generally must consider eight underwriting factors:

  • Current or reasonably expected income or assets
  • Current employment status
  • Monthly payment on the covered transaction
  • Monthly payment on any simultaneous loan
  • Monthly payment for mortgage-related obligations
  • Current debt obligations, alimony, and child support
  • Monthly debt-to-income ratio or residual income
  • Credit history


 Solve your ATR Obligations with...


solve your atr obligations with compliance verify
Compliance VERIFY helps tracks down the information you need to fulfill your requirements. Make sure you have a more complete picture for Ability-To-Repay conditions before a loan decision is made.