24 C.F.R. § 232.585

Prepayment privilege and prepayment charge.

Last amended: 2016Year: 2026Length: 53 wordsOfficial source

Cite as 24 C.F.R. § 232.585 (2026)

The security instrument shall contain a provision permitting prepayment of the loan in whole or in part upon any interest payment date after giving to the lender 30 days' advance written notice and it may contain a provision, with the approval of the Commissioner, for a reasonable charge in the event of prepayment.