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

From disclosures to advertisements to timing, and more, there are specifications and special rules around every corner. Do you know when and how a lender can decrease, suspend, or terminate a HELOC? Join us to learn about HELOC compliance from application to end-of-draw.

• Understand the specific disclosures that must be present in your institution’s HELOC documents
• Analyze the restrictions imposed on HELOC advertising and the special wording that must be used
• Distinguish when a change-in-terms notice must be sent to the borrower
• Explain the special notice that must be given when a HELOC is reduced, suspended, or terminated
• Determine if a HELOC can be terminated when the borrower moves out of the home or if it significantly declines in value
• Explain how to properly manage HELOCs nearing their end-of-draw period