Regulation Z – Final Ability to Repay & Qualified Mortgage Standards

This two-hour program explains the final rule that revise the ability-torepay and related rules. Participants receive a detailed manual that serves as a handbook long after the program is completed.

On January 10, 2013, the Consumer Financial Protection Bureau (CFPB) published a final rule to revise the Truth in Lending Act (TILA) to require creditors to make a reasonable, good faith determination of a consumer’s ability to repay any consumer credit transaction secured by a dwelling. The 804 page rule will be effective on January 10, 2014.


Upon completion, participants understand the new Regulation Z rules that:

  • Require creditors to make a reasonable, good faith determination of a consumer’s ability to repay any consumer credit transaction secured by a dwelling (excluding an open-end credit plan, timeshare plan, reverse mortgage, or temporary loan);
  • Establish certain protections from liability for “qualified mortgages;”
  • Limit prepayment penalties;
  • Require creditors to retain evidence of compliance with the rule for three years after a covered loan is consummated; and
  • Propose revisions to the Ability-to-Repay rule. These amendments would, among other things:
    • Exempt certain nonprofit creditors that work with low- and moderate-income consumers;
    • Create exceptions for certain homeownership stabilization programs – such as those that offer loans made in connection with the Making Home Affordable program – which help consumers avoid foreclosure;
    • Provide Qualified Mortgage status for certain loans made and held in portfolio by small creditors; and
    • Invite comment on how to calculate loan origination compensation under the points and fees provision of Qualified Mortgages.


Loan originators, loan officers, lending assistants, compliance officers and auditors.


Jack Holzknecht, CRCM, a principal with Pegasus Educational Services, LLC, has been delivering the word on lending compliance for 37 years. Jack’s career began as a federal bank examiner. He also headed the form and software division of a regional consulting company and spent seven years in charge of their education division. He also developed and delivered training for the FDIC and OTS.

Credit Information

Institute of Certified Bankers: Visit aba.com/icb/membercereview for instructions regarding self-reporting. Estimated credits: 2 hours CRCM/CLBB/CPB/CCSR.


Live Webinar:

Member price: $265.00 | Non member price $530.00

On-Demand Webinar

Member price: $280.00 | Non member price $560.00


Online: Visit the CBA Webinar Catalog

Mail: Click here and mail completed form with check payable to ConferenceEdge to: (Mail at least 10 days prior to event)

4434 W. 29th St., Denver, CO  80212

Phone: Call ConferenceEdge at (877) 988-7526 (credit card payments only)

Please Note:

  • Preferred Payment Method: Online
  • Please register online or by phone when paying with a credit card
  • Payment Must Accompany Registration – Invoices are Not Provided

Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.