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#468436 - 12/09/05 05:17 PM Home Equity Advances
Dottie Offline
100 Club
Joined: Oct 2004
Posts: 113
I'm not sure which forum this should be under. Can we do auto advances from a customer's home equity loan to cover overdrafts on their DDA account? Is there a compliance issue with this? Is there somewhere I can find direct info on this?

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Lending Compliance
#468437 - 12/09/05 07:35 PM Re: Home Equity Advances
Dream Dancer Offline
Member
Joined: Sep 2005
Posts: 84
Texas
Check your state laws. You couldn't do this in Texas. You also need to check your loan documents.

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