When customers request an increase in the credit limit on an existing HELOC we'd like to handle it by modification rather than by refinancing them into a new HELOC.

Can we have the customer sign a new HELOC Agreement labelled as "amended and restated" and provide a separate disclosure which specifically lists the terms that have changed from their exisiting agreement? We'll also record a modification agreement that modifies the mortgage lien amount.

Any statements or opinions are mine, not necessarily my employer's.