Compliance News: Changes to the HELOC Booklet

On December 16, 2022, the CFPB published a notice in the Federal Register (87 FR 77078) that they’ve updated the consumer publication “What You Should Know about Home Equity Lines of Credit,” also known as the HELOC booklet.

Docutech is in the process of updating the language of “What You Should Know About Home Equity Lines of Credit” (Cx9925). We will announce changes to the form and a rollout timeline in a future announcement.

The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.