CFPB Delays QM Rule Compliance and Patch Demise Apr 28 2021, 9:29AM Lenders will have more than an additional year to comply with the General Qualified Mortgage (QM) Rule. The Consumer Financial Protection Bureau (CFPB) says it is formally delaying the mandatory compliance date for the new rule from July 1, 2021 to October 1, 2022. The Bureau says it is taking the action "to help ensure access to responsible, affordable mortgage credit, and preserve flexibility for consumers affected by the COVID-19 pandemic and its economic effects." The delay will also give lenders more time to use the so-called GSE Patch. The Patch provides QM status to loans that