Since 1989 Regulation Z has required financial institutions to develop special home equity lines of credit (HELOC) program disclosures. Many other .. Read more regulations also apply to HELOCs, frequently with provisions that are unique for this type of credit. There are layers of disclosure provided at application, closing and throughout the life of the line. There are restrictions that apply to HELOCs that do not apply to other types of loans. This two-hour program explains how to develop, maintain and audit HELOC program disclosures and provides an overview of other required disclosures. The program explains the rules, reviews typical problems, and provides steps to assure ongoing compliance. The program is designed for loan officers, compliance officers, loan support staff, marketing staff, auditors, and any others with responsibilities related to the origination and maintenance of HELOCs.
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