Support Home Loans Can a member withdraw from an LOC if loan is late but within the 10 day grace? Can a member withdraw from an LOC if loan is late but within the 10 day grace? No, the LOC will need to be current before you can advance from it. Related Questions: What is the procedure when the ATM cash is out of balance? What are the procedures for processing credit card fraud? Ops Update - Probate Summary When are statements mailed out? Was this article helpful? Yes / No