Modification/Extension of HELOC. Purpose is the increase amount which is subject to ROR. Any other Regs apply?

If the HELOC has not yet reached maturity then a change in terms/modification agreement will suffice. If it has matured then you must treat it as a new plan and provide all new disclosures.

thanks a million!!!

Thanks, Dan. So no need for re-issusing the same initial disclosures when a customer wants to increase their line?

If you are modifying the HELOC before its maturity date then new disclosures would not be required, however rescission would apply to the increase in the credit limit.