We have a customer who wants a home equity
loan to pay off some business debts. Management doesn't feel we need a written
application from the customer, like you would need if home improve or purchase type loan.
I understand the rules are they customer completes a written application, this to me is just like a purchase etc.
Can someone direct me to where this is located so I will have reg to back up the application or am I confusing a home equity
with other type home loan info.