Restrictions on fees, penalties and advertisements

Checkout our iOS App for a better way to browser and research.

  • (a) No fee, penalty or other form of payment may be charged a consumer for prepayment of all or part of the balance of a home equity loan.

  • (b) No advertisement for a home equity loan may refer to such loan as “free money” or use any other term determined by the Banking Board to be misleading.


Download our app to see the most-to-date content.