Posted By: Need2know
Respa Exemptions - 12/02/19 05:46 PM
Are HELOCs exempt from Respa's § 1024.39 Early intervention requirements for certain borrowers. Specifically the 45-day written notice? I have reviewed all of Respa's citation addressing (coverage) and (Exemptions) including a list of the partial exemptions for HELOCs but as of now, I cannot find a direct exemption from the requirements in 1024.39. Does someone have a citation that clarified if HELOCs are exempt from requirement to make contact by day 36 and send written notice by day 45?