Thread Options Tools
#154814 - 01/29/04 08:07 PM When your home is on the line booklet
Jayda's Mom Offline
100 Club
Joined: Jul 2002
Posts: 220
North
Just to clarify...
I ordered what I thought was "When Your Home is on the Line" booklet from Fed. I received "What you should know about Home equity lines of Credit". Is this the same booklet?

Return to Top
General Discussion
#154815 - 01/29/04 08:24 PM Re: When your home is on the line booklet
RVFlyboy Offline
Power Poster
RVFlyboy
Joined: Oct 2000
Posts: 5,839
Soaring over Georgia
Yes. The "What you should know..." is the title of the lastest version of the Home Equity Booklet - but it is the only HELOC booklet that you are required to give.
_________________________
Jim Bedsole, CRCM, CBA, CFSA, CAFP
My posts - my opinions

Return to Top
#154816 - 01/29/04 08:27 PM Re: When your home is on the line booklet
Jayda's Mom Offline
100 Club
Joined: Jul 2002
Posts: 220
North
Thanks so much. Thats what I thought but the lenders said I was wrong! Ha that'll show them!

Return to Top
#154817 - 01/30/04 01:58 PM Re: When your home is on the line booklet
Anonymous
Unregistered

Can we still use when your home is on the line or must we change to new booklet?

Return to Top
#154818 - 02/03/04 12:27 AM Re: When your home is on the line booklet
Anonymous
Unregistered

Quote:

Can we still use when your home is on the line or must we change to new booklet?



Return to Top
#154819 - 02/03/04 07:17 PM Re: When your home is on the line booklet
HeidiL Offline
New Poster
HeidiL
Joined: Feb 2003
Posts: 6
Michigan
I contacted our contact at the Federal Reserve Board and was told that it is fine to use up existing stock of the old version.

Return to Top
#154820 - 02/04/04 03:41 PM Re: When your home is on the line booklet
Anonymous
Unregistered

I went on the Federal Reserve's website and the title of the brochure that is posted on the site is: "When your home is on the line: what you should know about home equity lines of credit." If you click on the title to see the brochure, the last time that page was updated was July 2001. Is that the new brochure everyone is speaking about here? Or is there another one that is not on the website?

Return to Top
#154821 - 02/05/04 05:27 PM Re: When your home is on the line booklet
HeidiL Offline
New Poster
HeidiL
Joined: Feb 2003
Posts: 6
Michigan
The Federal Reserve Board revised their booklet in 2003 when it was up for reprint. They basically just changed the title on it. I have contacted the FRB to find out why they do not have that version posted. They are checking into it. I ordered a copy of their latest one and the one I received was the 2003 version with the new title. At this point there should not be a problem using either version.

Return to Top

Moderated by:  Andy_Z, Lucy Griffin, Mary Beth Guard