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Credit Line Close Off

This is a topic titled Credit Line Close Off made in the Home Mortgage section, belongs to our Mortgage Chat category; My home equity line of credit has been reduced to $0 by the bank. I have no balance. I called and asked that the account be closed and they said ...








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Old May 21st, 2008, 01:42 PM   #1
SuzieQ
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Registered: May 2008
Posts: 62
Default Credit Line Close Off

My home equity line of credit has been reduced to $0 by the bank. I have no balance. I called and asked that the account be closed and they said it would cost $400 and $40 reconveyance fee. I can see the reconveyance fee but the $400 for a service they no longer offer to me!!!! Is this legal?
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