Look for comments 2(o)-step 1 and you will -dos for a dialogue regarding discover-end personal line of credit and you can expansion of credit
Part cuatro(a)(37)
step one. Open-stop line of credit. Apart from partly exempt transactions lower than 1003.3(d), 1003.4(a)(37) needs a lending institution to determine whether or not the safeguarded financing otherwise the program is for an open-avoid line of credit.
Part 4(a)(38)
step one. Primary objective. With the exception of partly excused purchases under 1003.3(d), 1003.4(a beneficial (38) need a loan company to identify whether the secure loan is, and/or software program is to have a protected loan and that is, generated primarily to possess a corporate or commercial goal. Leer Más