Borrowing from an unscrupulous lender, especially one that offers a high-cost loan using the home as security, could result in the loss of the borrower's home. “Putting Your Home on the Loan Line is Risky Business” is a brochure prepared by the Office of the Comptroller of the Currency and the federal bank, thrift, and credit union regulatory agencies. The publication warns that regardless of whether a home equity loan is for a home repair, or some other purpose, it is important to shop around.
Agency: Office of the Comptroller of the Currency