Look for comments 2(o)-step 1 and you may -2 for a discussion off discover-avoid credit line and you will expansion of borrowing from the bank

Look for comments 2(o)-step 1 and you may -2 for a discussion off discover-avoid credit line and you will expansion of borrowing from the bank

Part cuatro(a)(37)

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step one. Open-avoid line of credit. Except for partly excused purchases under 1003.3(d), 1003.4(a)(37) means a financial institution to identify whether the secure mortgage or the program is actually for an unbarred-end credit line.

Part 4(a)(38)

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