Change in terms disclosure

Posted By: Soccer

Change in terms disclosure - 09/14/10 04:11 PM

Our bank has a Demand Deposit Loan product that we are in the process of migrating into a unsecured line of credit. The interest rate on the LOC is less than the DDL, however there are more fees associated with the LOC. What is the required amount of time that we would have to disclose before changing the product?