Prepayment penalty clause samples

Per HUD-1, Prepayment Penalty is the reimbursement of Lender Paid Closing Costs if the loan is Paid in Full within the first XXX months. Final TIL discloses loan Will Not have a Prepayment Penalty. PPP has expired.

XXX Home Loan-Prohibited Prepayment Penalty. PPP expired.

[REDACTED] Loan to Value Ratio 86.56% We have been informed by management that this loan has not yet closed, and as such an executed Loan Agreement was not available to compare and agree the Loan to Value Ratio. Pace Equity, LLC was able to provide draft transaction documentation to which we compared and agreed the Loan to Value Ratio of 86.56%. [REDACTED] Assessment Loan to Value Ratio 27.03% We have been informed by management that this loan has not yet closed, and as such an executed Loan Agreement was not available to compare and agree the Assessment Loan to Value Ratio. Pace Equity, LLC was able to provide draft transaction documentation to which we compared and agreed the Assessment Loan to Value Ratio of 27.03%. [REDACTED] Prepayment Penalty 5-year lockout We have been informed by management that this loan has not yet closed, and as such an executed Loan Agreement was not available to compare and agree the Prepayment Penalty. Pace Equity, LLC was able to provide draft transaction documentation to which we compared and agreed the 5-year lockout Prepayment Penalty.

PREPAYMENT PENALTY. Upon prepayment of this Note, Lender is entitled to the following prepayment penalty: The Borrowers will incur a prepayment penalty equal to 2% of the principal balance of this loan that is paid within the first 12 months of the loan.