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#1011720 - 08/04/08 06:21 PM HELOC booklet revised
jap Offline
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jap
Joined: Mar 2004
Posts: 600
IN
I have seen a couple of items lately about Fed's revision to the HELOC booklet. I have not been able, however, to find specific reference to an effective date, whether or not we can use up existing stock, etc. Does anyone have any of that information?
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#1011736 - 08/04/08 06:29 PM Re: HELOC booklet revised jap
Ray_ Offline
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#1011756 - 08/04/08 06:38 PM Re: HELOC booklet revised Ray_
Many Hats Offline
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Orlando, FL
FWIW, there are some changes to the booklet (I am looking at one now that I just rec'd from the FRB):

1) There is now a Table of Contents page right in the front.
2) There is a Home Equity Plan Checklist (to help the borrower gather information on two different plans and compare them)
3) There is now a section entitled "What if the lender freezes or reduces your line of credit." Here's the link to the electronic version to read what the booklet says about that:
http://www.federalreserve.gov/pubs/equity/equity_english.htm

Go to the following site to order copies (you get the 1st 100 for free):
http://www.newyorkfed.org/publications/r...ble=pitsubtopic

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#1011761 - 08/04/08 06:41 PM Re: HELOC booklet revised Many Hats
Many Hats Offline
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By the way....even though the date on the web link I provided above says 3/10/2003, when you order it, you will get the new version.

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#1011777 - 08/04/08 06:46 PM Re: HELOC booklet revised Many Hats
Tesla Offline
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Hey - thanks - I was looking for that answer!
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