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#1137942 - 02/27/09 11:45 PM floor rate on HELOC
tsp Offline
Member
Joined: Dec 2007
Posts: 53
Are there any restrictions on the use of a floor rate on HELOCs? If not restricted by the federal regulations, do you know if this can be restricted by State Law?

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Lending Compliance
#1137948 - 02/27/09 11:57 PM Re: floor rate on HELOC tsp
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
Can it - sure. I'm not aware of any State that does however.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1138330 - 03/02/09 05:23 PM Re: floor rate on HELOC tsp
tsp Offline
Member
Joined: Dec 2007
Posts: 53
So - there are not federal restrictions?

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#1138695 - 03/03/09 12:03 PM Re: floor rate on HELOC tsp
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
Nothing at the Federal level.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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