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

HELOCs are highly regulated and have special rules and disclosures. Learn the ins and outs of required disclosures, advertising restrictions, and properly handling HELOCs from application through end-of-draw.

A home equity line of credit (HELOC) is a special type of loan that is highly regulated. Every aspect of a HELOC has special rules. There are certain disclosures that must be included in the loan documents, distinct wording for advertisements, special limitations on when lenders may decrease or suspend a HELOC, and special timing requirements for disclosures sent prior to maturity. In addition, Regulation Z prohibits lenders from changing any term of a HELOC, except in very limited circumstances.

This webinar will explain the required HELOC disclosures and advertising restrictions. It will explore specific situations when lenders are permitted to decrease, suspend, or terminate a HELOC, and how to do so. You’ll also learn how to handle HELOCs nearing their end-of-draw periods.

Attendance certificate provided to self-report CE credits.

• HELOC advertising checklist
• Interagency guidance on HELOCs nearing the end-of-draw period
• Interagency guidance on credit risk management for home equity lending
• Employee training log
• Interactive quiz