Skip to content

Electronic Applications

Answered by: 

We receive applications for our home equity lines of credit through our web site. Is it OK to mail the brochure and disclosure after receipt of the completed application?

Section 1026.40(b) states that the brochure and disclosure must be provided at the time the application is provided to the consumer. Generally when the consumer indicates that the application is for a home equity line, the brochure and disclosure should be provided before the application appears on the screen. Comment .40(b) – 2. states, “The disclosures and a brochure need not be provided when a general purpose application is given to a consumer unless the application indicates that is can be used to apply for a home equity plan.


Learn more about Jack Holzknecht’s Regulation Z Rules for Home Equity Lines of Credit webinar.

First published on 08/22/2021

Filed under: 
Filed under lending as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics