Open-End Lending Master Module

This module provides the basic documentation credit unions need to support open-end lending portfolios.

The Open-End Lending Master Module includes:

• Open-End Credit and Security Agreement (OE-MSACU-XX)
  This master agreement combines the Open-End Credit Agreement and a Security Agreement into one document. We offer a state-specific version for each state.
  
  
• Open-End Credit Addendum (OE-ADDCU)
  Your credit union would use this document to list your various subaccounts and the terms associated with them. The addendum must accompany each Open-End Credit and Security Agreement in order to comply with Regulation Z.
  
  
• Open-End Credit Advance Receipt (OE-RCPT)
  This document is completed for each advance made. It is used to describe the amount of money advanced to the member, payment terms, and security offered. This multistate document does not require a member signature.

Various Transactions

This solution addresses regulations at the federal level and in all 50 states plus the District of Columbia for a variety of transactions, including:

• New and used autos
• Motorcycles
• Recreational vehicles
• Boats
• Personal loans

• Signature loans
• Overdraft lines of credit

Lending Manual

Your purchase of the Open-End Lending Master Module includes our Open-End Consumer Lending Manual to assist in your understanding of how the documents are to be used and completed. This open-end lending solution also offers your credit union a variety of benefits, such as:

• Product support to quickly answer federal and related state compliance questions about our documents and how their content can help satisfy your requirements
  
  
• Compliance updates to help keep your credit union up to date on regulations
  
  
• An industry-leading warranty