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#2233525 - 03/23/20 07:50 PM Auto Advance on a HELOC
Banker57 Offline
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Joined: Jul 2010
Posts: 439
Minnesota
Any issues, perhaps with the Credit Card Act, on a consumer setting up auto advances from the HELOC to their DDA for 12 months?

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Lending Compliance
#2233531 - 03/23/20 09:03 PM Re: Auto Advance on a HELOC Banker57
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
If auto transfers are a disclosed access device, I see nothing of a concern.
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#2233638 - 03/25/20 03:27 PM Re: Auto Advance on a HELOC Banker57
Banker57 Offline
Gold Star
Joined: Jul 2010
Posts: 439
Minnesota
thank you for your response

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