---
kind: "section"
citation: "24 C.F.R. § 201.7"
title: "24"
number: "201.7"
heading: "Qualified mortgage."
url: "https://uscodex.org/cfr/24/201.7"
---

# §201.7. Qualified mortgage.

- (a) **Qualified mortgage.** A mortgage insured under [section 2](/cfr/24/2.md) of title I of the National Housing Act ([12 U.S.C. 1703](/usc/12/1703.md)), except for mortgage transactions exempted under [§ 203.19(c)(2)](/cfr/24/203.19.md?p=c-2), is a safe harbor qualified mortgage that meets the ability to repay requirements in [15 U.S.C. 1639c(a)](/usc/15/1639c.md?p=a).
- (b) **Effect of indemnification on qualified mortgage status.** An indemnification demand or resolution of a demand that relates to whether the loan satisfied relevant eligibility and underwriting requirements at the time of consummation may result from facts that could allow a change to qualified mortgage status, but the existence of an indemnification does not per se remove qualified mortgage status.

## Notes

### Amendments

[78 FR 75237, Dec. 11, 2013]

### Authority

Authority: 12 U.S.C. 1703; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).

### Source

Source: 50 FR 43523, Oct. 25, 1985, unless otherwise noted.

### Amendments

[78 FR 75237, Dec. 11, 2013]