The federal regulators issued this guidance to promote sound risk management of open-end home equity lines of credit (HELOCs) and closed-end home equity loans.
To access enclosure, click on blue link after the letter’s subject line .
NCUA: Letter to Credit Unions No. 05-CU-07 – Managing Risks Associated with Home Equity Lending (May 2005) & Enclosure: Interagency Credit Risk Management Guidance for Home Equity Lending
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