IN Fixed-Rate High Cost Any Any 2 years+ ≤ 2% of loan amount prepaid IND. CODE ANN. § Home Loan (West 2012) IA Loan Any Any Any Prohibited IOWA CODE ANN. § (West 2012) IA Consumer Credit ≤$25,000 Subordinate None $7.50 IOWA CODE ANN. §§ , Transaction & (West 2012) KS Home Loan Any Any 6 months+ Any KAN. STAT. ANN. § (West 2012) KS Consumer Credit Any Secondary Any Prohibited KAN. STAT. ANN. § Transaction (West 2012) KY Mortgage Loan Any Any Earlier of: ≤3%ob (1st 12-month period) KY. REV. STAT. ANN. § 3 years+ ≤2%ob (2nd 12-month period) (West 2012) 60 days prior ≤1%ob (3rd 12-month period) to first Prohibited if refinancing with company that funded the interest rate mortgage reset+ KY High-cost Home Loan $15,000 - $200,000 Any Lesser of: ≤3%ob (1st 12-month period) KY. REV. STAT. ANN. § 3 years+ ≤2%ob (2nd 12-month period) (West 2012) 60 days prior ≤1%ob (3rd 12-month period) to first Prohibited if refinancing with company that funded interest rate mortgage reset+ KY Industrial Loan ≤ $7,500 Any Any Prohibited KY. REV. STAT. ANN. Company Loan ≤$10,000 §§ , & (West 2012) LA Residential Mortgage Any Any 5 years+ ≤5%upb (1st 12-month period) LA. REV. STAT. ANN. Loan ≤4%upb (2nd 12-month period) §§ , & (West 2012) ≤3%upb (3rd 12-month period) ≤2%upb (4th 12-month period) ≤1%upb (5th 12-month period)
IN Fixed-Rate High Cost Home Loan Any Any 2 years+ ≤ 2% of loan amount prepaid IND. CODE ANN. § (West 2012) IA Loan Any Any Any Prohibited IOWA CODE ANN. § (West 2012) IA Consumer Credit Transaction ≤$25,000 Subordinate None $7.50 IOWA CODE ANN. §§ , & (West 2012) KS Home Loan Any Any 6 months+ Any KAN. STAT. ANN. § (West 2012) KS Consumer Credit Transaction Any Secondary Any Prohibited KAN. STAT. ANN. § (West 2012) KY Mortgage Loan Any Any Earlier of: 3 years+ 60 days prior to first interest rate reset+ ≤3%ob (1st 12-month period) ≤2%ob (2nd 12-month period) ≤1%ob (3rd 12-month period) Prohibited if refinancing with company that funded the mortgage KY. REV. STAT. ANN. § (West 2012) KY High-cost Home Loan $15,000 - $200,000 Any Lesser of: 3 years+ 60 days prior to first interest rate reset+ ≤3%ob (1st 12-month period) ≤2%ob (2nd 12-month period) ≤1%ob (3rd 12-month period) Prohibited if refinancing with company that funded mortgage KY. REV. STAT. ANN. § (West 2012) KY Industrial Loan Company Loan ≤ $7,500 ≤$10,000 Any Any Prohibited KY. REV. STAT. ANN. §§ , & (West 2012) LA Residential Mortgage Loan Any Any 5 years+ ≤5%upb (1st 12-month period) ≤4%upb (2nd 12-month period) ≤3%upb (3rd 12-month period) ≤2%upb (4th 12-month period) ≤1%upb (5th 12-month period) LA. REV. STAT. ANN. §§ , & (West 2012)
Prepayment-Penalty-Table-2012.docx