Money charged for early repayment of debt if the original mortgage commitment does not allow for prepayment. Prepayment premiums are allowed in some form (but not necessarily imposed) in 36 states and the District of Columbia. Found on http://www.encyclo.co.uk/local/21398
Money charged for early repayment of debt if the original mortgage commitment does not allow for prepayment. Prepayment premiums are allowed in some form (but not necessarily imposed) in 36 states and the District of Columbia.