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#2267983 - 03/21/22 07:04 PM HELOC First Periodic Statement
Libby M. Offline
Platinum Poster
Joined: Sep 2007
Posts: 604
Mississippi, USA
If our HELOCS are all due on the 5th of each month, can we go over 30 days after the closing of the HELOC before the first payment date?
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Lela Purvis, CRCM/CCBCO/CBAP


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#2267984 - 03/21/22 07:13 PM Re: HELOC First Periodic Statement Libby M.
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
No, but seeing as how you have to drop the statement at least 14 days (21 days in some circumstances) prior to the payment being due, I am not sure how your first periodic statement would cover more than one month.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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