Home Equity Line of Credit Collateral

Example Definitions of "Home Equity Line of Credit Collateral"
Home Equity Line of Credit Collateral. Collateral, whether now or hereafter acquired, that consists of an agreement between a borrower and a lender for the lender to advance funds to such borrower and the borrower to repay such advances, pursuant to which the borrower grants a mortgage or deed of trust of property that is improved with one to four units, each suitable for the residence of one family, together with all rights of the lender under all documents pertaining to such agreement, mortgage or deed of trust, and mortgaged or... conveyed property, and the proceeds, replacements, and products thereof, whether now or hereafter acquired. View More
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