Thread Options
#1936946 - 07/01/14 04:14 PM HELOCS covered by RESPA
Weeble Woman Offline
Junior Member
Joined: Aug 2005
Posts: 27
Washington State
Good morning,

I must have missed something, but I'm being told that HELOCs are now covered by RESPA. When did that happen?? I am having a panic attack. Thanks for any help you can offer.

Return to Top
RESPA
#1936964 - 07/01/14 05:26 PM Re: HELOCS covered by RESPA Weeble Woman
manimal Offline
Diamond Poster
manimal
Joined: Feb 2008
Posts: 2,207
Deleted
HELOCs aren't exempt from RESPA (I don't think they ever were). If you look up the definition of a federally related mortgage loan in 1024.2, a HELOC is clearly included. However, certain sections of RESPA are exempted for HELOCs.
_________________________
We're all here 'cause we've lost control.

Innerpartysystem

Return to Top
#1936978 - 07/01/14 05:51 PM Re: HELOCS covered by RESPA Weeble Woman
Weeble Woman Offline
Junior Member
Joined: Aug 2005
Posts: 27
Washington State
Thanks for responding. I can now breathe ~

Return to Top

Moderator:  QCL