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#1120546 - 01/30/09 09:01 PM HELOC refi
komply Offline
Gold Star
Joined: Apr 2008
Posts: 475
NJ
I searched and still could not find....When you refinance a HELCO you can cahrge interest on both the old and new loan during the three day rec period..WHere can I fin this??

Thanks

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Lending Compliance
#1120588 - 01/30/09 09:26 PM Re: HELOC refi komply
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
It is permissible under Reg Z (226.15(c)) but it may not be under state law. It would not be permissible in IN.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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#1120597 - 01/30/09 09:30 PM Re: HELOC refi Dan Persfull
komply Offline
Gold Star
Joined: Apr 2008
Posts: 475
NJ
Thanks Dan as always

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