The Ability-to-Repay rule requires creditors to make a reasonable, good-faith determination that a borrower can repay a loan. Which of the following is one of the eight factors a creditor MUST consider under the ATR rule?

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The borrower's current employment status and income The ATR rule requires creditors to consider eight specific underwriting factors: current or reasonably expected income or assets; current employment status; monthly mortgage payment; monthly payments on simultaneous loans; monthly payments for mortgage-related obligations; current debt obligations, alimony, and child support; monthly debt-to-income ratio or residual income; and credit history. Educational background, marital status, and number of dependents are not among the eight required factors, though some may be indirectly relevant in certain underwriting scenarios.

The Ability-to-Repay rule requires creditors to make a reasonable, good-faith determination that a borrower can repay a loan. Which of the following is one of the eight factors a creditor MUST consider under the ATR rule?

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