HELOC Termination

     We just received an insurance check for HELOC on our books that would pay off the loan.  This borrower hasn't carried insurance on the property and we have had to force place for quite some time. The Loan Department would like to pay off the loan with the insurance check that was received and terminate the HELOC.  What else would we need to do besides provide a notice of adverse action?

     Originally posted by an anonymous author with the title AVP Regulatory Compliance and Legal on 15 Jul 2019 to CBANC FI Professionals Community.