What Obligations Does a HELOC Lender Have Under the Truth in Lending Act?
Posted on 23 September 2008 by Jamie Beck
Under the federal Truth in Lending Act, the HELOC consumer is granted certain rights. Most importantly, you have the right to be given information about your HELOC before agreeing to the loan or paying any fees. You also have the right to cancel your home equity line of credit within a specified time frame. Read more…
Tags | Heloc, home equity line of credit, Truth in Lending Act