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HELOC's

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  • February 27, 2015 at 8:10 am EST #6714
    mdunker
    Member

    We are in the process of looking to change our HELOC’s from a draw only to a draw with a repayment period as well. What we need to do know is what compliance ramifications will this have if we do this. We would also like to know how others have these set structured.

    March 2, 2015 at 3:53 pm EST #6722
    rcooper
    Member

    Take a look at 1026.40, specifically 1026.40(d)(5) and its commentary for guidance.

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