The term "securities lending" is sometimes used correctly in the same context as a "stock loan" or individual "securities-collateralized loan". The former refers to the actual lending typically of banks or brokerages to other institutions to cover short sales or for other temporary purposes. The latter is used in private or institutional securities-backed loan arrangements across a wide spectrum of securities. In recent years, the Financial Industry Regulatory Authority (FINRA) has cautioned all consumers to avoid non-recourse transfer-of-title stock loans, but they enjoyed a brief popularity before the SEC and IRS came to shut almost all such providers down between 2007–2012, reclassifying non-recourse transfer-of-title title stock loans as fully taxable sales at inception (See FINRA advisory link below). Today, it is widely accepted that the only legally valid consumer lending programs involving stocks or other securities are those in which the stocks remain in the client's title and account without sale through a fully licensed and regulated institution with membership in the SIPC, FDIC, FINRA and other mainline regulatory organizations, with their own audited financial statements. These are usually in the form of securities-based credit lines.