Prepayment privilege and prepayment charge.

  1. Law
  2. CFR 24
  3. Housing and Urban Development
  4. Regulations Relating to Housing and Urban Development
  5. Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development
  6. Mortgage and Loan Insurance Programs Under National Housing Act and Other Authorities
  7. Mortgage Insurance for Nursing Homes, Intermediate Care Facilities, Board and Care Homes, and Assisted Living Facilities
  8. Eligibility Requirements - Supplemental Loans To Finance Purchase and Installation of Fire Safety Equipment
  9. Eligible Security Instruments
  10. Prepayment privilege and prepayment charge.

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§ 232.585 Prepayment privilege and prepayment charge.

The security instrument shall contain a provision permitting prepayment of the loan in whole or in part upon any interest payment date after giving to the lender 30 days' advance written notice and it may contain a provision, with the approval of the Commissioner, for a reasonable charge in the event of prepayment.


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