2020 Free Tools UPDATE
As we look ahead to 2020, we wanted to let you know that we’ve updated some of the Free Lending Tools available on our website:
- Version 4.5 of the TIL: Repayment Ability and Risk Requirements Rule is now available to help you comply with the Ability to Repay/Qualified Mortgage Rule. It has been updated to reflect the adjusted points and fees amounts for 2020.
- Version 3.0 of the HMDA Volume Test Chart is available to reflect that the temporary coverage threshold for open-end credit (500) has been extended until January 2022.
- Version 3.2 of the HMDA Data Reporting Guide is also available. In addition to some technical updates, we have updated the Small Filer requirements for the property address and property location fields.
We hope you find these tools helpful!
Published
2019/12/26
Amy Kudlacek
Amy brings many years of banking and compliance experience to Banker’s Compliance Consulting. She has worked for both large and small financial institutions and spent time working in every area of a bank. She started out as a teller in college and eventually became a branch manager. Her love, however, was always compliance. Amy began her career with Banker’s Compliance Consulting in 2000. Her knowledge and experiences have allowed her to develop a well-rounded and practical approach to regulatory compliance. Amy is CRCM certified, has a Bachelors Degree in Business Administration and is a graduate of the ABA Compliance School. Amy & her husband have two children at home and stay busy following their activities. They spend a lot of time in the bleachers!