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New Mortgage, Home Equity and Personal Line of Credit Statements Coming Soon
7.00 out of 10 (3 Ratings)
We want to give you a heads up about a change in how you’ll be receiving information on your mortgage, home equity and personal line of credit in the future. Currently, this information is provided on your monthly account statements. Federal regulations now require us to send separate statements for each loan type.
The biggest benefit of the new statements is they will have much more detailed information. Here is an overview of how the transition will happen:
Mortgage and Home Equity Loans
Beginning this month, if you have a mortgage and/or a home equity loan with us, you will receive a separate statement for each.
The first statement will look a little different. This is not how they will appear in the future – this is only a temporary “band-aid” to keep us in compliance with the deadline imposed by the new regulation.
Personal Line of Credit
If you have a personal line of credit with us, you will begin receiving separate statements in March.
If you have e-statements, you will also receive the new statements electronically.
We’ll keep you updated as we move through the process and we thank you for your patience. Please let us know if you have any questions.
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