We have a customer that had HELOC #1- a $100,000 HELOC and the draw period of HELOC#1 has expired and the balance of $50,000 is now in principal and interest repayment with 120 payments remaining. He received a new HELOC #2 in the same amount of $100,000. HELOC #1's $50,000 balance was paid off with HELOC #2 and the customer has a new 10 year draw period with an available credit amount of $50,000 ($50,000 principal disbursed at closing to pay off and close HELOC #1). The rescission notice supplied to the customer was the one indicating we were "establishing an open-end" credit account. I am understanding that to be that the entire amount of the HELOC #2, $100,000 is rescindable. I am questioning if we should have used the rescission notice stating that we are increasing the amount of security interest and if they cancel, that only applies to the increase in the existing security interest.