WASHINGTON — Federal and state regulators are putting more pressure on banks to take immediate actions to address looming defaults of home equity lines of credit.

The agencies are concerned banks are not being proactive enough in modifying HELOCs that are nearing their end-of-draw periods. Many borrowers make just interest payments on these second liens, but they could get into trouble when the HELOC resets and becomes fully amortizing. Borrowers could see their monthly HELOC payments jump by $100 to $400.

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