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September 8
Checkup for your RDC Program;
Susan Orr

September 10
Critical Issues on Certificates of Deposit;
Deborah Crawford

September 16
S.A.F.E. Act - Auditing for Compliance;
Patricia Cashman

September 22
FinCEN's Beneficial Owners Proposal: What It Can Mean for You;
Sonja Kriegsmann and John Burnett

September 23
Bankruptcy 101;
Sam Ott

September 24
Using CPTED to Make Our Banks Safer;
Dana Turner and Carol Dodgen



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#1688780 - 04/13/12 03:06 PM Line of Credit Suspension Notice
CRL Offline
Gold Star

Registered: 09/09/03
Posts: 308
Does anyone know if there is a requirement to add an ECOA Notice to a Line of Credit Suspension Notice? We are trying to create a document to send to a borrower, and have seen a couple examples, some with and some without the ECOA language.

And is it possible anyone has a standard Line of Credit Suspension Notice they would be willing to share? Our loan docs/servicing does not have such a thing...


Edited by CRL (04/13/12 03:28 PM)

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Lending Compliance
#1688975 - 04/16/12 10:14 AM Re: Line of Credit Suspension Notice [Re: CRL]
Dan Persfull Offline
10K Club

Registered: 08/28/02
Posts: 40641
Loc: Bloomington, IN
If you are taking adverse action you must include the ECOA notice. No exceptions. If you are unsure if you are taking adverse action then review its definition in 1002.2 and its Commentary.
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The opinions expressed are mine and they are not to be taken as legal advice.

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