QM Rule definition

QM Rule means 12 CFR 1026.43(e), including all applicable official staff commentary.
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QM Rule means 12 CFR 1026.43(d) or (e), or any successor rule or regulation, including all applicable official staff commentary.
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QM Rule. As applicable, (i) 12 C.F.R. Section 1026.43(e), (ii) in the case of a Mortgage Loan insured, guaranteed, or administered by the FHA, 24 C.F.R. § 203.19, or (iii) in the case of a Mortgage Loan insured, guaranteed, or administered by the VA, 38 C.F.R. § 36.4300, and for each section referenced herein, all applicable official staff commentary.
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Examples of QM Rule in a sentence

  • Each Loan satisfied the following criteria: (i) such Loan (other than a Second Lien Loan or a Jumbo 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.

  • Other than with respect to a Non-Qualified Mortgage Loan (other than a Second Lien Loan or a Jumbo Loan), 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.


More Definitions of QM Rule

QM Rule means 12 C.F.R. Section 1026.43(e), including all applicable official staff commentary.
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QM Rule means 12 CFR 1026.43(e).
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QM Rule means 12 C.F.R. § 1026.43(d) or (e), or any successor rule or regulation, including all applicable official staff commentary.
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QM Rule. “Qualified Mortgage”, “Rebuttable Presumption Qualified Mortgage”, “Safe Harbor Qualified Mortgage” and “Total Marginable Assets” in their proper alphabetical order:
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QM Rule. 12 CFR 1026.43(e).
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QM Rule. 12 C.F.R. Section 1026.43(e) and all applicable official staff commentary, as may hereafter from time to time be amended. ​
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Related to QM Rule

  • 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.

  • Rule means Rule 15c2-12(b)(5) adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as the same may be amended from time to time.

  • 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.

  • CFTC Regulations means the rules and regulations promulgated by the CFTC, as amended.

  • Rule 16b-3 means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised with respect to the Plan.