Documents for Open-end HELOC

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Question:

What documents are required for an open-end home equity line of credit?

Answer:

If you are referring to legal documents, consult your attorney for your state's contract law requirements dealing with real estate loans. If you are referring to disclosure requirements, review Reg Z 226.5b and its Commentary. Also review state law for any possible state disclosure requirements.

First published on BankersOnline.com 10/25/10