§__.12(j) Home Equity Loans as Consumer Loans

§__.12(j) – 1

Q: Are home equity loans considered “consumer loans”?

A1. Home equity loans made for purposes other than home purchase, home improvement, or refinancing home purchase or home improvement loans are consumer loans if they are extended to one or more individuals for household, family, or other personal expenditures.


Source: Interagency Questions & Answers Regarding Community Reinvestment | July 2016

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