American_Bankers_Association
CTFA · Question #257
A line of credit issued against the existing equity in a home is called:
The correct answer is A. Home equity credit line. See the full explanation below for the reasoning.
Fiduciary and Trust Activities
Question
A line of credit issued against the existing equity in a home is called:
Options
- AHome equity credit line
- BOverdraft protection line
- CRevolving line of credit
- DUnsecured personal credit line
How the community answered
(54 responses)- A78% (42)
- B4% (2)
- C13% (7)
- D6% (3)
Topics
#home equity credit line#secured credit#real estate#consumer lending
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