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#2214162 - 05/22/19 01:19 PM HOEPA & HELOC renewal with no new money
Karen B. Offline
100 Club
Joined: Oct 2014
Posts: 151
We have a HELOC that is being renewed with the credit limit reduced. We're using a Change in Terms Agreement; we're not refinancing the original HELOC. Is this transaction exempt from HOEPA? Thank you!

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HOEPA and Homeowner Counseling Rule
#2214167 - 05/22/19 02:04 PM Re: HOEPA & HELOC renewal with no new money Karen B.
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,360
Galveston, TX
If you did this prior to maturity, yes.
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#2214179 - 05/22/19 03:52 PM Re: HOEPA & HELOC renewal with no new money Karen B.
Karen B. Offline
100 Club
Joined: Oct 2014
Posts: 151
Perfect! Thank you, Randy.

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