The Federal Trade Commission $($FTC$)$ established the Home Ownership and Equity Protection Act in $1994$ to protect a homeowner$$s or borrower$$s rights where taking advantage of the equity in their property is concerned. The purpose was to ensure that the borrower would be afforded the fairest transaction possible by setting guidelines and standards for home loans. The primary target of this act was:

Group of answer choices

Home equity installment loans

Refinancing loans

Refinancing loans and home equity installment loans

None of these