All of the following statements regarding consumer borrowing are correct, except:

a. Loans can be taken from traditional IRA accounts or Roth IRA accounts.
b. Personal loans are unsecured, short-term loans provided by banks and credit unions.
c. Home equity loan repayments are made monthly for a fixed period of time and principal must be repaid when the home is sold.
d. The cash value from permanent life insurance policies can be borrowed by policy owners through interest-bearing loans or as surrender proceeds.