A husband and wife apply jointly for a HELOC. Initial disclosures were sent and returned. One spouse dies prior to signing loan documents. For obvious reasons the loan is on hold and we are unsure as to whether or not the surving spouse would like to proceed. Either way, can someone please lend some guidance on if we need to send new disclosures if the survivor does proceed or would a memo to the file be sufficient? What else might we need for the file?

As to underwriting, you have income questions since one wage earner (?) may be gone, was there insurance and who is the current owner of the property? Did any rights revert to an heir, not the surviving spouse?

That said, if all things are equal, if your offered rate and terms haven't changed, (sans researching this) I don't believe another disclosure is needed assuming this is still the same application with the survivor.