Description: Reg Z HELOCs (Open-End Credit) explains the Regulation Z requirements for home equity lines of credit, including disclosures, changes in terms and periodic statements.

Note: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.

Audience: Any branch staff that discusses home equity options with consumers or takes consumer applications for home equity products.

Learning Objectives: After completing this course, students will be able to:

• Define a home equity line of credit
• Explain what disclosures are required and when they must be provided
• Identify the circumstances when lenders are allowed to change the terms of a home equity line of credit
• Understand the requirements for periodic statements