TOPIC: Truth in Lending

Increase Request for a Personal Line of Credit

SVP at a bank ($159MUSA)
I am interested to learn how you handle a request to increase a personal line of credit. Does your bank require a new application, new note number, UW, etc.? Do you do a debit modification and keep the same loan number, do you do a new note and keep the same loan number? However you are handling these I would greatly appreciate hearing your process and why you are doing it that way (State Law, Bank Procedure, etc.)