HELOAN Terms

Amount of fee for Installment Loans. Your Debt Protection Fees for an installment loan will accrue on a daily basis and will be due monthly along with your Loan payments. The daily fee for Regions Debt Protection is computed by multiplying the lesser of the outstanding principal balance of the Loan or $100,000 each day by the daily factor set out below for each selected Protected event:

If you make all of your Loan payments on their payment due dates, you do not incur any additional charges under your Loan and Regions does not change the fee rate, the total Debt Protection Fee (i.e., the sum of your monthly fees) for the Protection Option(s) you select will be as shown in the following examples:

For a Loan of $50,000 at an interest rate of 7.5% with a term of 12 years:

Amount of fee for Lines of Credit. The monthly Debt Protection Fees for a line of credit are based on the lesser of the outstanding Line of Credit balance or $50,000 each month multiplied by the unit-cost set out below for each selected Protected Event:

On both installment loans and lines of credit, Regions Bank may change the amount of the Debt Protection Fee in the future by giving you written notice, but you will have the option to cancel the Rider before any Debt Protection Fee change goes into effect.

Refund of fee. You may cancel the Rider within thirty (30) days from the Rider Start Date and receive a full refund of the Debt Protection Fee you have paid. Because each monthly payment of Debt Protection Fees provides you with debt protection for the month in which the payment is made, you will not be entitled to any refund after the initial thirty- (30) day period.

Use of Line of Credit restricted. If protection is activated for a Protected Event of Loss of Life, Job Loss or Disability, you may be unable to use your Line of Credit.

Termination of the Rider. Either you or Regions has the right to terminate the Rider at any time by sending written notice to the other party. Also, the Rider will terminate upon default on your Loan or Line of Credit, termination or refinancing of your Loan or Line of Credit, the date your Loan or Line of Credit is sold, your failure to pay the Debt Protection Fee, your reaching the age limits or term limits for certain Protected Events, or cancellation of your debt in an amount equal to the maximum protection amount under the Rider.

Eligibility requirements, conditions and exclusions. There are eligibility requirements, conditions and exclusions that could prevent you from receiving protection under the Rider. You can find a complete explanation of the eligibility requirements, conditions and exclusions for each Protected Event in the General Requirements and Conditions Section and the Specific Requirements and Conditions Section of the Rider.

Regions’ Rider may not cancel your entire debt upon activation. The amount of debt canceled under the Rider may not be sufficient to cancel your entire debt. You should read the Rider to determine your rights upon the occurrence of a Protected Event.

Read the Rider. The information provided in these disclosures is qualified in its entirety by the terms of the Rider itself. Regions encourages you to read the Rider carefully and make sure you understand its terms and conditions before purchasing debt protection.

(1) Not require you to apply the proceeds to another debt except a debt that is secured by your home or owed to another lender;
(2) Not require that you assign wages as security;
(3) Not require that you execute instruments which have blanks left to be filled in;
(4) Not require that you sign a confession of judgment or power of attorney to another person to confess judgment or appear in a legal proceeding on your behalf;
(5) Provide that you receive a copy of all documents you sign at closing;
(6) Provide that the security instruments contain a disclosure that this loan is a loan defined by section 50(a)(6), Article XVI, of the Texas Constitution;
(7) Provide that when the loan is paid in full, the lender will sign and give you a release of lien or an assignment of the lien, whichever is appropriate;
(8) Provide that you may, within 3 days after closing, rescind the loan without penalty or charge;
(9) Provide that you and the lender acknowledge the fair market value of your home on the date the loan closes; and
(10) Provide that the lender will forfeit all principal and interest if the lender fails to comply with the lender's obligations unless the lender cures the failure to comply as provided by section 50(a)(6)(q)(x), Article XVI, of the Texas Constitution; and

(1) You may request advances, repay money, and reborrow money under the line of credit;
(2) Each advance under the line of credit must be in an amount of at least $4,000;
(3) You may not use a credit card, debit card, solicitation check, or similar device to obtain advances under the line of credit;
(4) Any fees the lender charges may be charged and collected only at the time the line of credit is established and the lender may not charge a fee in connection with any advance;
(5) The maximum principal amount that may be extended, when added to all other debts secured by your home, may not exceed 80 percent of the fair market value of your home on the date the line of credit is established;
(6) If the principal balance under the line of credit at any time exceeds 50 percent of the fair market value of your home, as determined on the date the line of credit is established, you may not continue to request advances under the line of credit until the balance is less than 50 percent of the fair market value; and
(7) The lender may not unilaterally amend the terms of the line of credit.