§ 405. Prepayment penalty prohibited
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 41 P.S. Interest
41 P.S. § 405
§ 405. Prepayment penalty prohibited
Residential mortgage obligations contracted for on or after the effective date of this act may be prepaid without any penalty or other charge for such prepayment at any time before the end of the period of the loan.
Credits
1974, Jan. 30, P.L. 13, No. 6, § 405, imd. effective.
41 P.S. § 405, PA ST 41 P.S. § 405
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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