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HELOC Compliance: Disclosures, Documentation, Advertising, Amending & More

Feb 27 2:00 PM - Feb 27, 2020 3:30 PM
Feb 27, 2020 2:00 PM - 3:30 PM

HELOCs are highly regulated and have special rules and disclosures. Learn the ins and outs of required disclosures, advertising restrictions, and properly handling HELOCs from application through end-of-draw.

Learning Objectives

  • Understand the specific disclosures required for HELOCs
  • Analyze advertising restrictions and the mandatory special wording
  • Distinguish when a change-in-terms notice must be sent to the borrower
  • Provide the required special notice when a HELOC is reduced, suspended, or terminated
  • Determine if a HELOC can be terminated when the borrower moves out or the home’s value significantly declines
  • Properly manage HELOCs nearing the end-of-draw period

A home equity line of credit (HELOC) is a special type of loan that is highly regulated.Every aspect of a HELOC has special rules. There are certain disclosures that must be included in the loan documents, distinct wording for advertisements, special limitations on when lenders may decrease or suspend a HELOC, and special timing requirements for disclosures sent prior to maturity. In addition, Regulation Z prohibits lenders from changing any term of a HELOC, except in very limited circumstances.This webinar will explain the required HELOC disclosures and advertising restrictions. It will explore specific situations when lenders are permitted to decrease, suspend, or terminate a HELOC, and how to do so. You’ll also learn how to handle HELOCs nearing their end-of-draw periods.



Elizabeth Fast, JD, CPA, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in there presentation of financial institutions. Elizabeth is the head of the firm’s training division.She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.




Live and recorded webinar, handouts, quiz with answer key and training log are included.

Additional Info

Event Type


Topics Covered

  • Live Webinars
  • Lending & Collections
  • Compliance