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Grace Period On Payments For HELOCs

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Question: 
My institution is launching a new product in the upcoming months, HELOC's. We are currently building the policy and disclosures. It was asked of me if we were required to provide a grace period on payments for the HELOC. I was researching but could not find anything particular.
Answer: 

This is a State law question.

First published on 12/04/2016

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