SAMPLE NOTICE OF INTEREST RATE CHANGE
(Home Equity Line of Credit (HELOC) – First Mortgage Lien)
This notice is intended as a “sample” or “guide” to help credit unions develop their own customized or individual notices. However, a notice that works well for one credit union may not be appropriate for another. Therefore, each credit union should make revisions by deleting or adding language to accommodate their own particular situation regarding technology, personnel, products and services, facilities, and other relevant factors. The credit union’s notices should be reviewed for compliance with applicable rules and regulations from time to time. The League cannot guarantee that a sample notice is in compliance with the law. The notice is not intended as legal advice.