PREPAYMENT PENALTIES - Compliance

PREPAYMENT PENALTIES

Legal Disclaimer: Although a good faith attempt has been made to make this table as complete as possible, it is still subject to human error and constantly changing laws. It should neither be considered complete nor used as a substitute for legal advice. No warranty, either expressed or implied, is attached in any regard to this table. Any reproduction, distribution, sharing, or modification of this table without the express written permission of an authorized agent of Docutech Corporation is prohibited.

Important Note About the Interest Rate/APR/LTV Column: This column reflects the interest rate, APR, LTV, or other similar restriction which applies to the types of loans a prepayment penalty restriction applies, as promulgated under the same chapter, article, or title of such restriction. It does not, however, indicate the maximum interest rate which may be charged, which may be set forth in another part of state law. The numbers in this column should not be used to determine which rates to charge. Unless otherwise specified, a percentage listed in the column refers to the interest rate.

Last Updated: July, 2019

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Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho

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Table of Contents

Click text to jump to page. To return to Table of Contents, click on the state abbreviation.

Illinois

Nebraska

Indiana

Nevada

Iowa

New Hampshire

Kansas

New Jersey

Kentucky

New Mexico

Louisiana

New York

Maine

North Carolina

Maryland

North Dakota

Massachusetts

Ohio

Michigan

Oklahoma

Minnesota

Oregon

Mississippi

Pennsylvania

Missouri

Rhode Island

Montana

South Carolina

South Dakota Tennessee Texas Utah Vermont Virginia

Virgin Islands Washington West Virginia Wisconsin

Wyoming

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State Loan Type

Property and Occupancy Type

Loan Amount

Interest Rate/APR/LTV

AL

Consumer Credit Transaction1

Not specified

Any

Not specified

Lien Type

Time Payment May Be

Made Without Penalty

Both

Any

AL

Exempted

Consumer Credit Transaction3

Can include real property4

$2,0005

AL

Credit Transaction7

Not specified

Loan Contracts AK and

Commitments

1-to-4 family dwellings

AK

A contract of loan11

Not specified

AZ

Consumer Lender Loan14

Not specified

AZ

Home Equity Revolving Loan18

Not specified

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