Course Details

Ability To Repay And Qualified Mortgage Rules Under The Dodd-Frank Act: What Every Lender Should Know

Webinar: ID# 1032091
Recorded CD or On-Demand
About This Course:
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 webinar will examine the rule and explain what lenders need to know to remain compliant and protect their business.


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

About The Presenter

Gennifer L. Bridges, Esq.
  • 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
Ability To Repay And Qualified Mortgage Rules Under The Dodd-Frank Act: What Every Lender Should Know
or via CD or On-Demand
Course Details
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