MD Any Any Prohibited MD. CODE ANN., COM. Open End Credit Plan Any LAW § (West 2012); Mortgages – Prepayment Fees – Preemptive Effect of Federal Law on State Restrictions, , p. 82-3 (1997) MD Secondary Mortgage Any Any Any Prohibited MD. CODE ANN., COM. Loan LAW § (West 2012) MD Mortgage Loan Any Any Any Prohibited MD. CODE ANN., COM. LAW § (West 2012) MD “Other” Loan Any Any 3 years+ PPP = aDi2:aGGa:PP12 > ⅓oL MD. CODE ANN., COM. LAW § (West 2012) MD Commercial Loan ≤$15,000 Any 3 years+ PPP = aDi2:aGGa:PP12 > ⅓oL MD. CODE ANN., COM. LAW § (West 2012) MA Mortgage Note, Any Any 3 years+ Lesser of: MASS. GEN. LAWS excluding HELOCs Balance of First Year’s Interest, or ANN. ch. 183, § 3 months’ interest (West 2012) MA Mortgage Any Primary Any Prohibited when property seized via eminent domain. MASS. GEN. LAWS ANN. ch. 183, § (West 2012) MA Mortgage on Real >$1,500 Secondary Any Prohibited MASS. GEN. LAWS Estate ANN. ch. 140, § (West 2012) MA High Cost Home Loan Any Any Any Prohibited 209 MASS. CODE REGS. (2012) MI First Lien Note Secured Any Primary 3 years+ ≤ 1% of the amount of the prepayment made MICH. COMP. LAWS by Real Property ANN. § (West 2012)
MD Open End Credit Plan Any Any Any Prohibited MD. CODE ANN., COM. LAW § (West 2012); Mortgages – Prepayment Fees – Preemptive Effect of Federal Law on State Restrictions, , p. 82-3 (1997) MD Secondary Mortgage Loan Any Any Any Prohibited MD. CODE ANN., COM. LAW § (West 2012) MD Mortgage Loan Any Any Any Prohibited MD. CODE ANN., COM. LAW § (West 2012) MD “Other” Loan Any Any 3 years+ PPP = aDi2:aGGa:PP12 > ⅓oL MD. CODE ANN., COM. LAW § (West 2012) MD Commercial Loan ≤$15,000 Any 3 years+ PPP = aDi2:aGGa:PP12 > ⅓oL MD. CODE ANN., COM. LAW § (West 2012) MA Mortgage Note, excluding HELOCs Any Any 3 years+ Lesser of: Balance of First Year’s Interest, or 3 months’ interest MASS. GEN. LAWS ANN. ch. 183, § (West 2012) MA Mortgage Any Primary Any Prohibited when property seized via eminent domain. MASS. GEN. LAWS ANN. ch. 183, § (West 2012) MA Mortgage on Real Estate >$1,500 Secondary Any Prohibited MASS. GEN. LAWS ANN. ch. 140, § (West 2012) MA High Cost Home Loan Any Any Any Prohibited 209 MASS. CODE REGS. (2012) MI First Lien Note Secured by Real Property Any Primary 3 years+ ≤ 1% of the amount of the prepayment made MICH. COMP. LAWS ANN. § (West 2012)
Prepayment-Penalty-Table-2012.docx