Skip to content
BOL Conferences
Thread Options
#1119061 - 01/29/09 04:53 PM Freezing of Home Equity Line
Mainiac Offline
100 Club
Joined: Nov 2005
Posts: 147
Does the application of the Servicemembers Civil Relief Act when a reservist enters active duty trigger the right in Reg Z to freeze or reduce a home equity line under 226.5b(f)(3)(vi)(D), because we are "precluded by government action from imposing the annual percentage rate provided for in the agreement?" It would seem that this scenario fits perfectly, but the example thye give in the Commentary is slightly different.

Return to Top
Lending Compliance
#1119726 - 01/30/09 04:55 AM Re: Freezing of Home Equity Line Mainiac
Jan94 Offline
Platinum Poster
Joined: Mar 2001
Posts: 828
USA

Return to Top

Moderator:  Andy_Z