News

August 29, 2019

Mortgage Bankers Association releases HELOC Resource Guide written by Partner Jed Mayk

The Mortgage Bankers Association (MBA) has released the Home Equity Line of Credit (HELOC) Resource Guide as part of its online Compliance Essentials library. Written by Partner Jed Mayk, the Resource Guide provides a comprehensive overview of federal regulatory requirements for the origination and servicing of HELOCs. Among other topics, the Resource Guide addresses initial and account-opening disclosures, periodic statement requirements, rescission rules, and limitations on terminating or making other changes to a HELOC.

Jed is a partner in the Pennsylvania office and chair of the firm's Mortgage Lending and Servicing Practice Group. His practice focuses on state and federal consumer finance regulatory compliance for banks and non-bank consumer credit providers, with a particular emphasis on mortgage lending and servicing. He also advises clients on credit reporting, debt collection, unfair trade practice, privacy and data security, and electronic commerce laws and regulations. In addition to the MBA HELOC guide, Jed is a co-author of the RESPA/TIL Integrated Disclosures chapter of The Law of Truth in Lending.

Click here for more information about the HELOC Resource Guide.

Hudson Cook, LLP provides articles, webinars and other content on its website from time to time provided both by attorneys with Hudson Cook, LLP, and by other outside authors, for information purposes only. Hudson Cook, LLP does not warrant the accuracy or completeness of the content, and has no duty to correct or update information contained on its website. The views and opinions contained in the content provided on the Hudson Cook, LLP website do not constitute the views and opinion of the firm. Such content does not constitute legal advice from such authors or from Hudson Cook, LLP. For legal advice on a matter, one should seek the advice of counsel.