Click to return to BOL home page
Banker Store Read A Reg BOL Insiders Career Connect Learning Connect Bankers Information Network



October 24
How to Audit Advertising - Compliance Issues Here, There, Everywhere!;
Patricia Cashman

October 29
Documenting an Applicant's Intent to be a Joint Applicant;
David Dickinson

November 4
Issues with Deceased Customers;
Mary Beth Guard and John Burnett

November 5
Vault Burglaries, Floods, Fires & Other Disasters;
Dave McGuinn

November 6
MLO v LO - Who Has to Do What?;
Jack Holzknecht and Mary Beth Guard

November 13
Domestic Violence & Workplace Violence: There Is A Link;
Shelly Collins and Dana Turner



Topic Options
#1690243 - 04/19/12 08:39 AM Credit score disclosure req'd for HELOC suspension
Many Hats Offline
Platinum Poster

Registered: 05/27/08
Posts: 897
Loc: Orlando, FL
If a bank pulls a credit report as part of procedures for reviewing a HELOC for possible suspension, and the line is suspended due to information contained in the report, is the bank required to provide the H-2 disclosure?

Top
#1690322 - 04/19/12 10:08 AM Re: Credit score disclosure req'd for HELOC suspension [Re: Many Hats]
Ted Dreyer Offline
Diamond Poster

Registered: 04/05/01
Posts: 2213
No, the H-2 is used when you increase the APR as a result of consumer report information.

Top
#1690740 - 04/20/12 07:59 AM Re: Credit score disclosure req'd for HELOC suspension [Re: Many Hats]
Many Hats Offline
Platinum Poster

Registered: 05/27/08
Posts: 897
Loc: Orlando, FL
That's what I thought. Do you have to provide any score disclosure, or just notify them of the suspension (to comply with Reg Z)?

Top


Moderator:  Jack/Pegasus, Mary Beth Guard