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In the phrase "no prophecy of the scripture is of any private interpretation," the verb "is" translates from the Greek term γινεται, "ginetai," which speaks to the source or origin of something, not some third party's interaction with it. I am dashing off to work at the moment, so I have to be very short, but this passage is basically saying God's revealed truth does not originate from the prophet expounding on his own ideas, but originates from the movement of the Holy Spirit on the author. This is teaching inspiration. The contrast with false teachers is NOT their use of private interpretation or supplanting the role of the magisterium, but their contrivances as being destructive fables originating from their own thoughts rather than from divinely inspired writings. Which is the principle characteristic of a heresy, that it adds fable to Scripture, and so corrupts or denies access to the obvious light God's word would otherwise shed on our paths.

I would like to explore your point. Will you comment on the Greek word for interpretation first, and then we can continue. I totally understand about time.