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#1690243 - 04/19/12 12:39 PM Credit score disclosure req'd for HELOC suspension
Many Hats Offline
Platinum Poster
Joined: May 2008
Posts: 915
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?

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#1690322 - 04/19/12 02:08 PM Re: Credit score disclosure req'd for HELOC suspension Many Hats
Ted Dreyer Offline
Diamond Poster
Ted Dreyer
Joined: Apr 2001
Posts: 2,245
No, the H-2 is used when you increase the APR as a result of consumer report information.

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#1690740 - 04/20/12 11:59 AM Re: Credit score disclosure req'd for HELOC suspension Many Hats
Many Hats Offline
Platinum Poster
Joined: May 2008
Posts: 915
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)?

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