We have a HELOC where the borrower is now deceased and a family member is assuming the debt. We were directed to an attorney to draw up an Assumption Agreement and Amendment to our original Home Equity Line of Credit Agreement (note). I do feel that the documents prepared would be all we need to perform a modification/ CIT on that loan to replace the borrower, since the property is in a Trust and vesting will not be changing. Is there any need to provide any disclosures or new application since this is treated as a CIT? We do have a few disclosures I feel would need to be given, but not sure about a new application. Anyone have any guidance on the disclosure or application requirements surrounding assumptions of consumer loans?