Skip to content

HELOC Fees

Question: 
If a customer pays all the HELOC fees in cash, are we required to include detail of the fees paid on the first statement?
Answer: 

No. This is required only if fees are financed out of the first draw. If that's the case, any fees must be disclosed on the first periodic statement.

First published on 08/06/2012

Filed under: 
Filed under operations as: 

Search Topics