Statement of Billing Rights

Posted By: DCollins

Statement of Billing Rights - 12/11/02 03:04 PM

Are we required to give our customers a statement of billing rights at the time of closing on a home equity line of credit? Now that we are “Imaging” our loan documents, operations isn’t sure if this is a required form or if we can file it with the miscellaneous items. The form is automatically generated with the account agreement.
Posted By: straw

Re: Statement of Billing Rights - 12/11/02 03:14 PM

Reg Z 226.6(d) requires a statement of billing rights.
Posted By: DCollins

Re: Statement of Billing Rights - 12/11/02 04:46 PM

Thanks for your help. That is what I was looking for.