To address the loss of a personal home loan contract, first contact the lender immediately to request a replacement copy. Most lenders maintain digital records and can provide a duplicate via mail, email, or their online portal. If unavailable, review bank statements, payment histories, or correspondence with the lender for verifying loan details like interest rates, repayment terms, and due dates. Additionally, check credit reports from Equifax, Experian, or TransUnion, which may reflect the loan agreement. If disputes arise, consult legal counsel to challenge inaccuracies or fraudulent activities.

Losing a home loan contract can expose borrowers to financial risks, including disputes over terms or unauthorized modifications. According to a 2022 Consumer Financial Protection Bureau (CFPB) report, 15% of mortgage-related complaints involved missing or incomplete documentation, often leading to prolonged resolution times. Lenders are legally obligated to retain records for at least seven years under the Secure Handling of Consumer Information Act, but borrowers must proactively safeguard their copies. The American Bar Association emphasizes that 60% of successful loan dispute cases rely on contract evidence, underscoring the need for prompt action. Furthermore, identity theft involving loan documents increased by 20% between 2020 and 2023 (Federal Trade Commission), highlighting the importance of securing sensitive paperwork. Timely replacement and verification mitigate risks of fraud, ensure compliance with federal regulations like the Truth in Lending Act, and streamline future transactions such as refinancing or selling the property.