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The bank reduced my home equity line of credit (HELOC) before they contacted me. Does the law require them to notify me before they reduce the credit line?

No, the bank is not required to give you advance notice. If the bank is permitted to reduce or freeze a HELOC (which in specified circumstances it may do), then it must provide the following:

  • The bank must provide you written notice within three business days after taking the action.
  • The notice must provide the specific reason(s) for the action.

If the bank requires you to request reinstatement of the original credit line because of changed circumstances, then the notice must provide instructions on how to do so.

Last Reviewed: April 2021

Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on should not be construed as legal advice or a legal opinion of the OCC.

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