California Civil Code Section 2954.9
(a) (1) Except as otherwise provided by statute, where the
original principal obligation is a loan for residential property of
four units or less, the borrower under any note or evidence of
indebtedness secured by a deed of trust or mortgage or any other lien
on real property shall be entitled to prepay the whole or any part
of the balance due, together with accrued interest, at any time.
(2) Nothing in this subdivision shall prevent a borrower from
obligating himself, by an agreement in writing, to pay a prepayment
charge.
(3) This subdivision does not apply during any calendar year to a
bona fide loan secured by a deed of trust or mortgage given back
during such calendar year to the seller by the purchaser on account
of the purchase price if the seller does not take back four or more
such deeds of trust or mortgages during such calendar year. Nothing
in this subdivision shall be construed to prohibit a borrower from
making a prepayment by an agreement in writing with the lender.
(b) Except as otherwise provided in Section 10242.6 of the
Business and Professions Code, the principal and accrued interest on
any loan secured by a mortgage or deed of trust on owner-occupied
residential real property containing only four units or less may be
prepaid in whole or in part at any time but only a prepayment made
within five years of the date of execution of such mortgage or deed
of trust may be subject to a prepayment charge and then solely as
herein set forth. An amount not exceeding 20 percent of the original
principal amount may be prepaid in any 12-month period without
penalty. A prepayment charge may be imposed on any amount prepaid in
any 12-month period in excess of 20 percent of the original principal
amount of the loan which charge shall not exceed an amount equal to
the payment of six months' advance interest on the amount prepaid in
excess of 20 percent of the original principal amount.
(c) Notwithstanding subdivisions (a) and (b), there shall be no
prepayment penalty charged to a borrower under a loan subject to this
section if the residential structure securing the loan has been
damaged to such an extent by a natural disaster for which a state of
emergency is declared by the Governor, pursuant to Chapter 7
(commencing with Section 8550) of Division 1 of Title 2 of the
Government Code, that the residential structure cannot be occupied
and the prepayment is causally related thereto.
Georgia did pass a law prohibiting prepayment penalties.
There is no single maximum unless you want to research every jurisdiction to find the jurisdiction with the highest allowance. Prepayment penalties vary from state to state, and federal banks follow federal law. Case law has freed them from state consumer protection laws.
You can read more on the California DUI penalties on the official California website for law enforcement. They provide you with the required information for DUIs.
mentally insane
Yes, Florida prohibits prepayment penalties on most auto loans. Under state law, lenders cannot impose fees for paying off an auto loan early. This regulation aims to protect consumers by allowing them to avoid additional costs when they choose to pay off their loans ahead of schedule. However, it's always advisable to review the specific terms of the loan agreement for any exceptions or specific conditions.
That is going to be a State by State thing. But you will not find a Prepay penalty on an FHA or VA loan and typically you will not find them on Conforming loans (Fannie/Freddie stuff)
Yes, it is illegal to threaten someone in California. Threatening someone with harm or violence can result in criminal charges and penalties under California law.
Yes you can gamble online from the state of California as there is no federal, or state law against it.
There are no set penalties for criminal offenses and ordinance violations. It would depend on the relevant state or local law. However, in most places it is a fine.
There are no set penalties for criminal offenses and ordinance violations. It would depend on the relevant state or local law. However, in most places it is a fine.
There are no set penalties for criminal offenses and ordinance violations. It would depend on the relevant state or local law. However, in most places it is a fine.
Employment law in California is unique to the state. Specific information on details would need to be discussed with a lawyer, preferably one certified by the State Bar of California in employment law.