Event Calendar

Wednesday, November 30, 2022

Webinar - HELOC Compliance: Disclosures, Documentation, Advertising, Amending & More

Start Date: 11/30/2022 1:00 PM MST
End Date: 11/30/2022 2:30 PM MST

United States 

A home equity line of credit is a special type of loan that is highly regulated.  Every aspect of a HELOC has special rules.  There are special disclosures to include in loan documents, specific wording required in advertisements, particular limitations on when the lender may decrease or suspend a HELOC, and special timing requirements for disclosures that must be sent before a HELOC matures.  Regulation Z prohibits a lender from changing any term of a HELOC, except in very limited circumstances.  This webinar will explain the required HELOC disclosures and the restrictions on HELOC advertising.  It also will explain the specific situations when a lender is permitted to decrease, suspend, or terminate a HELOC, and the proper steps a lender must take to do so.  In addition, how to handle HELOCs nearing their end-of-draw periods will be covered.


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