Legal Question in Consumer Law in Nevada
Line of credit
By law, if we have a home equity line of credit established for a number of years and because of bad credit (not on the credit line), can the bank be allowed to suspend the balance on the credit line? If not which consumer protection law reference is applicable?
Asked on 10/18/08, 4:27 pm
1 Answer from Attorneys
Jeffrey Cogan
Jeffrey A. Cogan, Esq., Ltd.
Re: Line of credit
Yes, they are allow to suspend the credit line.
Answered on 10/20/08, 7:34 am
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