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#1056627 - 10/02/08 05:03 PM Reg E - Definition of "Account"
LegalBarn Offline
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Joined: Jun 2006
Posts: 5
Opinion, please: Is a HELOC considered an "account" under Reg E? Account means a demand deposit (checking), savings, or other consumer asset account (other than an occasional or incidental credit balance in a credit plan) held directly or indirectly by a financial institution and established primarily for personal, family, or household purposes.

Trying to determine if claims filed on transactions made using a debit card issued to draw on a HELOC are subjectto Reg E Error Resolution requirements....
Last edited by LegalBarn; 10/02/08 05:05 PM.
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#1056635 - 10/02/08 05:07 PM Re: Reg E - Definition of "Account" LegalBarn
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
Read the definition of "credit card" in the Commentary to ยง226.2(a)(15).
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David Dickinson
http://www.bankerscompliance.com

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