Answer:
The HELOC is one account. The allowed repayment provisions of portions of the account do not make the HELOC more than one account.
Reporting Partition HELOC Loans to Credit Bureau
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Question:
We are going to offer Partition HELOC loans (a main HELOC and fixed rate partitions). How are these reported to the credit bureau? Just the main HELOC and the fixed rate partitions or just the main HELOC?
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