On 9/21/2020, the CFPB announced that it is extending the comment period on its notice of proposed rulemaking that will create a new category of qualified mortgages - known as “seasoned QMs” - by three days. This short extension is meant to accommodate for the Yom Kippur Jewish holiday. Originally required by September 28, 2020, comments must now be submitted by October 1, 2020.

The notice of extension of the comment period can be found here.

The original NPRM can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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