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#2256095 - 06/28/21 10:02 PM Appraisal Delivery - HELOC Increase Only
Tarhe Offline
Diamond Poster
Joined: Nov 2006
Posts: 1,428
California
We have a HELOC where we are increasing the available credit only. All other terms (rate, maturity, etc.) remain in place. The lien is a first lien. This loan would be subject to the 3-business day appraisal "receipt" requirement before closing, correct? I see no exceptions for modifications.

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Lending Compliance
#2256098 - 06/28/21 10:17 PM Re: Appraisal Delivery - HELOC Increase Only Tarhe
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 84,326
Galveston, TX
I would tend to agree.
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