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Ability to Repay and Qualified Mortgage Rules Under the Dodd-Frank Act: What Every Lender Should Know

Date: Monday, June 25, 2018
Time: 1:00-2:30 pm ET

Sponsored by Lorman Education Services

Registration - Live Webinar Only: $219.00

Registration - Live Webinar Plus CD Recording: $288.00


Learn everything you need to know about qualified mortgage rules under the Dodd-Frank Act and the rules' effect on financial institutions.

The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), signed into law in 2010 and amended in 2013, contains a series of financial regulatory reforms intended to combat what was perceived by lawmakers as a lack of oversight leading to the recession and housing crisis of the late 2000's.

One of the provisions of the Dodd-Frank Act requires 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) and establishes certain protections from liability under this requirement for qualified mortgages.

 This topic will examine the rule and explain what lenders need to know to remain compliant and protect their business.

Learning Objectives:

  • You will be able to identify what loans fall within the scope of the rules.
  • You will be able to discuss exceptions to the ability-to-repay rule.
  • You will be able to explain safe harbor for qualified mortgages.
  • You will be able to review the amendments to the ability-to-repay and qualified mortgage rules.

This Live Webinar Covers These Hot Issues:

The Ability to Repay Determination

  • What Loans Fall Within the Scope of the Rules
  • Underwriting Guidelines Utilized in Making Determination Regarding the Ability to Repay
  • Exceptions to the Ability to Repay Rules

Safe Harbor for Qualified Mortgages

  • What Constitutes a Qualified Mortgage
  • Protections Afforded by Safe Harbor Status
  • Higher-Priced Mortgages Can Still Obtain Safe Harbor Status

July 2013 Amendments to the Ability-to-Repay and Qualified Mortgage Rules

  • Additional Exceptions to the Original Rule

CFPB Enforcement of the Rules and How Courts May Interpret the Ability to Repay and Qualified Mortgage Rules

Credit Information (Sponsored by Lorman Education Services)

  • CFP
  • CLE
  • CPE
  • Bankers
  • Enrolled Agents

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.


Gennifer L. Bridges, Esq., Burr & Forman LLP

  • Attorney in the Orlando office of Burr & Forman LLP
  • Practice emphasizes all aspects of business and commercial litigation, and in particular financial services litigation, including highly contested foreclosures and defense against claims under consumer protection statutes such as the TCPA, FDCPA, FCCPA, TILA, and RESPA
  • Conducts regular seminars and workshops on numerous topics pertaining to financial services litigation and best practices for avoiding liability under consumer protection statutes
  • Author of several publications related to recent developments in case law affecting the application of consumer protection statutes and the ability of secured creditors to enforce security interests
  • J.D. degree, Florida State University, 2009, magna cum laude; B.A., Stetson University, 2004, summa cum laude
  • Member of the American Bar Association and Orange County Bar Association; admitted in Florida, Middle District of Florida and Southern District of Florida
  • Can be contacted at 407-540-6687 or

Ashley M. Elmore Drew, Esq., Greenspoon Marder LLP

  • Senior Counsel in the Tampa office of Greenspoon Marder LLP
  • Provides legal and regulatory compliance guidance to business, real estate, and financial services clients on a wide range of Federal and State topics, including but not limited to the following: RESPA, SCRA, TILA, MLA, PACE Financing, Vendor Management, ECOA, FDCPA, FCRA, FACTA, UDAAP, FATCA, FACTA and myriad regulations. She also represents clients in regulatory and consumer defense litigation
  • Was featured in the Tampa Bay Business Journal, discussing the impact of the election on Dodd-Frank and the effect on community banks
  • Has written the following articles, “Opposition Mounts After Florida Court Eviscerates Lis Pendens”, published by Thompson Reuters in the Consumer Financial Services Law Report, Vol. 20, Issue 11, November 6, 2016, "CFPB Issues Examination Procedures for the Military Lending Act Rule", published by Burr Consumer Finance Litigation Blog on October 3, 2016; "New Risk from New Rules on Banker Pay", published by BAI, Banking Strategies on July 6, 2016; "The Best Defense is a Good Strategy: Planning for the Arbitration Rule", published by Burr Consumer Finance Litigation Blog on June 27, 2016; "Not Just the C-Suite: Regulators Issue Broad New Proposed Rule on Banker Compensation", published by Burr Consumer Finance Litigation Blog on April 25, 2016; "CFPB Receives Strategy Lesson—Court Holds it Overreached by Investigating For-Profit School Accreditation", published by Burr Consumer Finance Litigation Blog on April 27, 2016; "Do We Want the CFPB to Regulate the Practice of Law?", published by Burr Consumer Finance Litigation Blog on April 29, 2016; "NCUA Proposes Rule Easing Credit Union Commercial Property Occupancy Rule", published by Burr Consumer Finance Litigation Blog on June 29, 2016 and "Ctrl Alt Delete: CFPB says Mortgage Servicers Need Technological Reboot", published by Burr Consumer Finance Litigation Blog on June 29, 2016
  • Can be contacted at 813-769-7038 or

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