We have a number of HELOCs that have little or no balance, and/or have not been used in 12 mo or more, and the borrower may not have have any other relationship with the bank....so we would like to reduce the limit, freeze the line or shut it down completely, so as to reduce our exposure and minimize the amount we have to keep in reserve.
In these cases, none of the conditions of suspension have been met (as defined in our note).
Is there any guidance out there on how to handle this?