This release provides guidance on setting up and administering a HELOC program, such as The League’s R.E.A.P.® program.
Exhibits:
- Exhibit A – Wisconsin HELOC Documentation Checklist
- Exhibit B – Instructions For WCUL Forms #82085 and #82087 – R.E.A.P.
- Exhibit C – HELOC Advertising Compliance Checklist
- Exhibit D – Approved Indices For Variable Rate Consumer Credit Transactions
- Exhibit E – Sample R.E.A.P.® Reg. Z. HELOC Application Disclosure
- Exhibit F – Sample Notices for First Mortgage or Equivalent Liens, As Adapted For HELOCS
- Exhibit G – Sample Notice of HELOC Mortgage Lien
- Exhibit H – Long-Form Annual Billing Error Rights Disclosure For HELOCS
- Exhibit I – Alternative Billing Error Rights Model Form For HELOCS
- Exhibit J – Sample HELOC Notice of Rate Change
- Exhibit K – HELOC Interest Rate Adjustments and Rate Change Notices
- Exhibit L – Model R.E.A.P.® Suspension Notice
- Exhibit M – Sample Availability of Homeownership Delinquency Counseling Notice and Servicemembers Civil Relief Act Notice Disclosure (On the reverse side)
- Exhibit N – Sample Declaration of Family Purpose
- Exhibit O – Sample Reg. Z Mortgage Transfer Notice
- Exhibit P – Time may not be on your side with low-payment HELOCS