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#1523445 - 03/17/11 07:06 PM Suspension of credit - HELOC
CABCompliance Offline
100 Club
Joined: Feb 2004
Posts: 111
We periodically supend the ability of a HELOC customer to obtain additional advances due to past payment performance or potential inability to repay. We send a letter and give them a short period of time to call and discuss. If we do not hear from them we proceed. Are there any compliance issues I need to be aware of around this practice?

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#1523458 - 03/17/11 07:16 PM Re: Suspension of credit - HELOC CABCompliance
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1523863 - 03/18/11 03:33 PM Re: Suspension of credit - HELOC rlcarey
CABCompliance Offline
100 Club
Joined: Feb 2004
Posts: 111
Thanks! You are becoming my personal consultant! smile

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