Am I able to privately lend funds from my HELOC?

[Susan Pearce]

Thanks for taking a moment to answer this question. Do I have to be a certified lender in order to lend out funds from a HELOC? Own property free and clear, would like to lend offering interest only payments, max 6 month term. (Likely best for flips, clearly.) I believe it depends on the state you're in, yet am unsure if HELOC private lending would fall under the regulatory rules or no? Best way to set this up, if allowed? TIA!