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Home Equity "Investment" (HEI) Loans Practice Suite

NCLC has compiled resources for advocates on predatory Home Equity "Investment" (HEI) loans. Resources include free NCLC articles, links to relevant NCLC treatise material, pleadings and discovery, case documents and opinions, and more.

Articles

NCLC, Courts Expose Deception of Home Equity "Investments" (Aug. 15, 2025; rev. Oct. 21, 2025)



Litigation

Olson v. Unison Agreement Corp. Case Documents

Olson v. Unison Agreement Corp., 2025 WL 2254522 (9th Cir. Aug. 7, 2024)
Plaintiff's Reply Brief, Olson v. Unison Agreement Corp. (9th Cir. July 1, 2024)
Wash. Dep’t Fin. Inst. Amicus Brief, Olson v. Unison Agreement Corp. (9th Cir. Mar. 5, 2024)
Plaintiff's Opening Brief, Olson v. Unison Agreement Corp. (9th Cir. Feb. 27, 2024)

Stone v. Real Estate Equity Exchange Case Documents

Stone v. Real Estate Equity Exchange, 2025 WL 2222829 (Bankr. D. Colo. July 30, 2025)
Opposition to Motion to Dismiss, Stone v. Real Estate Equity Exchange (Bankr. D. Colo. Dec. 9, 2024)
Complaint, Stone v. Real Estate Equity Exchange (Bankr. D. Colo. Aug. 9, 2024)

Roberts v. Unlock Partnership Solutions AOI, Inc. Case Documents 

Memo Opposing Motion to Compel Arbitration, Roberts v. Unlock Partnership Solutions AOI, Inc. (D.N.J. June 16, 2025)
Amended Complaint, Roberts v. Unlock Partnership Solutions AOI, Inc. (D.N.J. Mar. 20, 2025)
CFPB Amicus Brief, Roberts v. Unlock Partnership Solutions AOI, Inc. (D.N.J. Jan. 15, 2025)

Commonwealth of Massachusetts v. Hometap Case Documents

Com. v. Hometap Equity Partners, L.L.C., 2025 WL 2468564 (Mass. Super. Aug. 21, 2025)
Complaint, Com. v. Hometap Equity Partners, LLC (Mass. Sup. Feb. 19, 2025)

Weingot v. Unison Case Documents

Weingot v. Unison Agreement Corp., Case 2:21-cv-04542-JS-AYS (E.D.N.Y. Sept 30, 2025)
Weingot v. Unison Agreement Corp., Case 2:21-cv-0452-JS-AYS (E.D.N.Y. July 29, 2025)

Singhal v. Unison Agreement Corp. Case Documents 

Singhal v. Unison Agreement Corp.,  2023 WL 2734230 (S.D. Fla. Mar. 31, 2023)



Sample Agreements

Hometap Contract Template (Feb. 2025)
Unlock Contract (Dec. 14, 2021)
Unlock Contract (Nov. 13, 2021)

Consumer Financial Protection Bureau





Industry Documents

Homeshares, US Home Equity Fund I (Performance Overview with IRR) 
Homeshares, Accessing America's $34 Trillion Home Equity Market (Executive Summary) 
Homeshares, Nada Asset Management, Private Placement Memo re U.S. Home Equity Fund I, L.P. (Mar. 24, 2025)
Homeshares, Nada Asset Management, US Home Equity Fund I, L.P. (Investor Deck) (Mar. 2025)
Homeshares, Nada Asset Management, US Home Equity Fund I, L.P. (Investor Deck) (Feb. 2025)
Press Release: Gale Business Insights: Essentials, Unlock Technologies Announces Close of $180 Million Securitization (Sept. 7, 2022)
Press Release: Gale Business Insights: Essentials, Unlock Technologies, Saluda Grade First to Securitize Home Equity Investment Contracts (Aug. 23, 2021)
Bond Rating Agency Reports DBRS Morningstar, Ratings Report: Unlock HEA Trust 2023-1 (Oct. 5, 2023)


 

Bond Rating Agency Reports