WASHINGTON, D.C. – U.S. Senator Jerry Moran (R-Kan.), a member of the Senate Banking Committee, made the following statement today after the release of the proposed rule to implement Section 941 of the Dodd-Frank Act: 

“The definition of what is a ‘qualified residential mortgage’ will have a lasting impact on the ability of Kansans to access affordable credit,” Sen. Moran said. “The agencies involved must take particular care in evaluating the public comments received on these proposed rules to ensure lines are drawn appropriately and credit is not unnecessarily restricted just as the housing market begins to find its footing.”