In addition, both the rule and the enclosed CFPB Ability-to-Repay and Qualified Mortgage Rule Small Entity Compliance Guide provide guidance and examples of appropriate methods to calculate, consider, and confirm each of the above eight underwriting factors. On August 14th, the CFPB released an update to the Small Entity Compliance Guide for the Ability-to-Repay and Qualified Mortgage Rule, incorporating the changes made in the June 2013 Concurrent Final Rule and July 2013 Final Rule. The updated guide includes a new section detailing the exemptions added by the June 2013 Concurrent Final Rule for § Small Entity Compliance Guide to Ability -to-Repay and Qualified Mortgages § Interagency Examination procedures and narrative for Truth in Lending § Guide to QM for Lenders, and other CFPB summary charts 57 Small Entity Compliance Guide to Renovate Right EPA's Lead-Based Paint Renovation, Repair, and as the official compliance guide for small entities, as required by the Small Business Regulatory Enforcement Fairness Act of 1996 • EPA's lead renovation regulations can be found at 40 On April 10, 2013, the CFPB released its Small Entity Compliance Guide to the Ability to Repay and Qualified Mortgage rules. The Guide leaves much to be desired when it comes to comprehensive guidance regarding compliance with these two rules; however, it does contain a number of "implementation tips" that are useful to know. CFPB Issues Small Entity Compliance Guide for Ability-to-Repay Rule 04.11.13 On April 10, 2013, the Consumer Financial Protection Bureau (CFPB) issued a Small Entity Compliance Guide (the "Guide") for its Ability-to-Repay/Qualified Mortgage final rule (the "ATR/QM Rule") that is slated to go into effect on January 10, 2014. Ability-to-Repay and Qualified Mortgage Rule Small entity compliance guide. compliance with the ATR requirements for a certain category of mortgages, called Qualified use to determine that consumers have the ability to repay the mortgag