Thread Options
#1769104 - 12/19/12 11:34 PM Terminating LOCs
pweiss Offline
100 Club
Joined: Mar 2011
Posts: 103
CA
Hello all,

I am trying to see what is required to terminate a LOC in terms of notifying the customer. I scrubbed Reg Z and B but I can't seem to find a notice timeline requirement.

We already have in our disclosure that is provided at opening that we can terminate an LOC under a list of conditions.

Can anyone assit?

Thanks in advance,

Return to Top
Lending Compliance
#1769105 - 12/19/12 11:36 PM Re: Terminating LOCs pweiss
pweiss Offline
100 Club
Joined: Mar 2011
Posts: 103
CA
To clarify,

This would be a personal LOC, not a credit card or HELOC.

Thanks,
_________________________
Phil Weiss, CAMS

My opinions are my own and not that of my employer.

Return to Top

Moderator:  Andy_Z