Reg Z HELOCs (Open-End Credit)


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