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#1779852 - 01/25/13 03:30 PM HELOCs
YHWB Offline
Platinum Poster
Joined: Apr 2005
Posts: 635
Out there
In reading through the new requirements, I believe HELOC's have been added onlt to two provisions, the ban on mandatory arbitration and the financing of most credit insurance products. Do you agree that the provisions for compensation including bonsus and stock awards are not covered for HELOC originations?

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Loan Originator Compensation Rule
#1779861 - 01/25/13 03:48 PM Re: HELOCs YHWB
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
That appears to be correct.

However, HELOCs are now also covered under the high-cost mortgage provisions.
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