Update - October 2008:
The Fed has revised the Home Equity Line of Credit (HELOC) booklet, English version only. The revised Home Equity Line of Credit booklet is not a required change. Compliance is not being mandated at this time.

The revisions to the HELOC booklet included:

• New! section "What if the lender freezes or reduces your line of credit?"
• Updated Cover
• Updates to the Glossary
• Updates to the Contact Section
• English language version only

Overview:
The Home Equity Line of Credit (HELOC) booklet is an easy-to-read tool for consumers to learn about home equity loans. The HELOC booklet, also known as the Home Equity Line of Credit booklet and the When Your Home is on the Line booklet, is published by the Federal Reserve and must be provided to borrowers at the time of application.

Content:
The HELOC booklet includes information on:

• What is a home equity line of credit?
• What should you look for when shopping for a plan?
• Costs of establishing and maintaining a home equity line
• How will you repay your home equity plan?
• Lines of credit vs. traditional second mortgage loans
• What if the lender freezes or reduces your line of credit?
• What if the lender freezes or reduces your line of credit?

Details:

• 3 7/8" x 8 1/2"
• Imprint your brochure with your company information.