Talk to your legal counsel. This is not a compliance issue.
Time Limit to Correct Error on HELOC?
We have a customer who has a home equity loan. We found that about $8,000 in draws which were not posted to his account from a year ago. His loan is now almost maxed out. Is it too late to charge his account? Is there a time limit to correct our error?
First published on 07/12/2020