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Four federal regulatory agencies and the Conference of State Bank Supervisors Tuesday issued guidance to financial institutions regarding home equity lines of credit nearing their “end-of-draw” periods. The guidance encouraged financial institutions to effectively communicate with borrowers about the pending reset, and provides broad principles for managing HELOC risks.

The regulators, which included the NCUA, said in a release they recognize that financial institutions and borrowers may face challenges as HELOCs near their end-of-draw periods. 

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