Skip to content
BOL Conferences
Thread Options
#1115614 - 01/22/09 10:05 PM Reg Z-Non-Home Equity Revolving Credit
countrytink Offline
Junior Member
Joined: Feb 2004
Posts: 48
Illinois
The FRB issued a release about improved disclosures to consumers for credit card accounts and other non-HELOC revolving credit plans. I'm guessing this would include personal lines of credit, but I can't find anything in the press release as to what "other non-HELOC RC Plans" means. Does anyone have any info on this

Return to Top
Lending Compliance
#1115680 - 01/22/09 11:07 PM Re: Reg Z-Non-Home Equity Revolving Credit countrytink
Jan94 Offline
Platinum Poster
Joined: Mar 2001
Posts: 828
USA
It's not specifically stated but the phrase used is "open-end (revolving) credit that is not home secured." To us this would include our overdraft line of credit and personal line of credit which other than credit cards are our only revolving non-HELOC plans.

Return to Top

Moderator:  Andy_Z