HELOC Statement definition
Examples of HELOC Statement in a sentence
Notice to you of these changes may be provided as part of your HELOC Statement or otherwise in writing and also by posting a notification on our website, ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.
We will credit your payment to your HELOC Account as of the date of receipt, if your payment conforms to the payment requirements described on your HELOC Statement.
For any HELOC Statement where different Interest Rates apply to different amounts billed and owing on that statement (for example, because some of your balance is subject to an Annual Special Plan Interest Rate), any payment by you that is greater than the Minimum Payment Due set out in that HELOC Statement will be allocated among the different amounts starting with the amount being charged the highest Interest Rate first, and the amount being charged the lowest Interest Rate last.
The current Interest Rate will also be set out on your HELOC Statement.
You must make your payments even if you do not receive a HELOC Statement and even if the normal mail service is disrupted.
You agree to pay at least the Minimum Payment Due by the Payment Due Date which will also be indicated on each HELOC Statement.
Your HELOC Statement will include instructions you must follow for making payments and indicates the Payment Due Date for each period.
Notice to you may be provided as part of your HELOC Statement or otherwise in writing.
We will determine your Minimum Payment Due for each billing period as follows: if your New Balance shown on a HELOC Statement is less than $10.00, your Minimum Payment Due will be equal to your New Balance.
You agree to pay us amounts you owe by one of the methods indicated on your HELOC Statement.