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HELOC Ability to Repay

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  • #4467
    rcooper
    Member

    A question we received from a member:

    I’m trying to find an answer to this question and not finding any concrete answer in Reg Z. I know that HELOCs are not subject to the new “ability to repay” rules. However, are there any regulatory specifications elsewhere in Reg Z for ability to repay HELOCs? I’m not finding it, if there is. Thought I recalled something relative to the credit card act but couldn’t find it.

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