Finance
In Kentucky, a home equity line of credit (HELOC) is secured by:
AThe borrower's personal guarantee only
BA lien on the borrower's home✓ Correct
CThe borrower's retirement account
DA certificate of deposit
Explanation
A HELOC is a revolving credit line secured by a lien (typically a second mortgage) on the borrower's home, with the home serving as collateral.
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