Illinois bankers are constantly challenged with new laws, regulations, enforcement trends and other pressing compliance concerns. Now they have an exciting resource to help them — IBA Compliance Connection — a free website for all employees of IBA member banks that will quickly become your “go to” source for Illinois banking compliance information, guidance and support — each and every day!
What you will find on the IBA Compliance Connection
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IBA Compliance Connection® is a members-only benefit for members of the Illinois Bankers Association. For more information about the IBA and membership, please click here.
Our Ability-to-Repay (ATR) and Qualified Mortgages (QM) Topic Page links to Regulation Z's requirement that creditors determine a consumer’s ability-to-repay a residential mortgage loan and its qualified mortgage loan category, which has certain protections from liability. You also can find a sample ability-to-repay policy and procedures and a small creditor qualified mortgage flowchart in our Forms Library.
Check out our ATR and QM Resources Page for helpful guidance on the ability-to-repay and qualified mortgages, including Interagency statements, FDIC technical assistance videos, CFPB fact sheets, charts, summaries, and more!
Do you know if you can charge prepayment penalties on all types of commercial loans? To find out, visit our ATR and QM Q&A Page, where we have answered dozens of related questions. If you have a compliance question, please send it to us using our online submission form or call our Compliance Connection Hotline at 1-800-GO-TO-IBA!
Due date for First Quarter Call Report
Due date for Second Quarter Call Report
Due date for Summary of Deposits for all insured banks with branches (rule)