Answer:
Regulation X Section 1024.8(a): "The use of the HUD-1 or HUD-1A is exempted for open-end lines of credit (home-equity plans) covered by the Truth in Lending Act and Regulation Z."
First published on BankersOnline.com 5/6/13
Title Insured Open-Ended HELOC Require HUD-1?
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Question:
Does a Title insured open-ended HELOC require the completion of a HUD-1, and if so, does the Loan terms section need to be completed?
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