Ability to Repay Rule definition

Ability to Repay Rule means 12 CFR 1026.43(c), including all applicable official staff commentary.
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Ability to Repay Rule. 12 C.F.R. Section 1026.43(c), including all applicable official staff commentary.
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Ability to Repay Rule means 12 C.F.R. § 1026.43(c), or any successor rule or regulation, including all applicable official staff commentary.
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Examples of Ability to Repay Rule in a sentence

  • Seller shall deliver to Buyer, with reasonable promptness upon Buyer’s request, copies of all documentation in connection with the underwriting and origination of any Purchased Mortgage Loan that evidences compliance with the Ability to Repay Rule and the QM Rule.

  • There is no action, suit or proceeding instituted by or against or threatened against Seller in any federal or state court or before any commission or other regulatory body (federal, state or local, foreign or domestic) that questions or challenges the compliance of any Mortgage Loan (or the related underwriting) with the Ability to Repay Rule or the QM Rule.

  • Each Loan satisfied the following criteria: (i) such Loan is a Qualified Mortgage, and (ii) such Loan is supported by documentation that evidences compliance with the QM Rule or the Ability to Repay Rule, as applicable.

  • As revised, this exemption will include, for example, transactions that are covered by the Bureau’s Ability to Repay Rule and are QMs defined under any final rule that the Bureau, HUD, or other federal agencies may adopt under authority at 15 U.S.C. 1639c.

  • There is no action, suit or proceeding instituted by or against or threatened in writing against Seller or its Affiliates in any federal or state court or before any commission or other regulatory body (federal, state or local, foreign or domestic) that questions or challenges the compliance of any Mortgage Loan (or the related underwriting) with, the Ability to Repay Rule or the QM Rule.

  • There is no action, suit or proceeding instituted by or against or, to the knowledge of the Seller, threatened against Seller in any federal or state court or before any commission or other regulatory body (federal, state or local, foreign or domestic) that questions or challenges the compliance of such Mortgage Loan (or the related underwriting) with the Ability to Repay Rule or the QM Rule.

  • Mr. Serres welcomed the equal opportunity to speak alongside the companies.

  • There is no action, suit or proceeding instituted by or against or, to the knowledge of Seller or Guarantor, threatened in writing against Seller, Guarantor or their respective Subsidiaries in any federal or state court or before any commission or other regulatory body (federal, state or local, foreign or domestic) that challenges the compliance of any Mortgage Loan (or the related underwriting) with, the Ability to Repay Rule or the QM Rule.

  • Under the Dodd-Frank Act, Ability to Repay Rule, mortgage lenders are required to make a reasonable and good faith determination that, at the time the loan is consummated, the consumer has a reasonable ability to repay the loan.

  • There is no action, suit or proceeding instituted by or against or threatened against Seller in any federal or state court or before any commission or other regulatory body (federal, state or local, foreign or domestic) that questions or challenges the compliance of any Mortgage Loan (or the related underwriting) with the Ability to Repay Rule or, except with respect to a Permitted Non-QM Mortgage Loan, the QM Rule.


More Definitions of Ability to Repay Rule

Ability to Repay Rule means 12 CFR 1026.43(c).
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Ability to Repay Rule means 12 CFR 1026.43(c), including all applicable official staff commentary. “Accelerated Repurchase Date” has the meaning assigned to such term in Section 16.a hereof.
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Related to Ability to Repay Rule

  • The HIPAA Privacy Rule means the Standards for Privacy of Individually 10 Identifiable Health Information at 45 CFR Part 160 and Part 164, Subparts A and E.

  • HIPAA Privacy Rule as defined in 45 CFR Part 164, Subparts A and E.

  • Privacy Rule means the Standards for Privacy of Individually Identifiable Health Information at 45 C.F.R. part 160 and part 164, subparts A and E.

  • Complications of Pregnancy means conditions whose diagnoses are distinct from pregnancy but are adversely affected by pregnancy or are caused by pregnancy. These conditions include acute nephritis, nephrosis, cardiac decompensation, missed abortion and similar medical and surgical conditions of comparable severity. Complications of pregnancy also include nonelective cesarean section, ectopic pregnancy which is terminated and spontaneous termination of pregnancy, which occurs during a period of gestation in which a viable birth is not possible.

  • Security Rule means the Security Standards for the Protection of Electronic Protected Health Information at 45 C.F.R. part 160 and part 164, subpart A and C.

  • HIPAA Security Rule as defined in 45 CFR Part 164, Subparts A and C;

  • The HIPAA Security Rule means the Security Standards for the Protection of 23 electronic PHI at 45 CFR Part 160, Part 162, and Part 164, Subparts A and C.

  • Discrimination on the basis of disability means any distinction, exclusion or restriction on the basis of disability which has the purpose or effect of impairing or nullifying the recognition, enjoyment or exercise, on an equal basis with others, of all human rights and fundamental freedoms in the political, economic, social, cultural, civil or any other field. It includes all forms of discrimination, including denial of reasonable accommodation;

  • Data Protection Requirements means all applicable (i) Data Protection Laws, (ii) Privacy Policies and (iii) those terms of any Contracts imposing obligations on the Company or its Subsidiaries with respect to the Company’s collection, use, storage, disclosure, or cross-border transfer of Personal Data.