HB272 - Kentucky: Banks and Financial Institutions, Loans and Credit, Real Estate, Real Estate
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Amend KRS 360.100 pertaining to high-cost home loans to delete the provision placing a cap on prepayment penalties; declare it is unlawful for any lender making a mortgage loan under this section, directly or indirectly, to make, provide, or arrange for a residential mortgage loan that requires a borrower to pay a prepayment penalty for paying all or part of the principal prior to maturity. Comment on Bill - Be the first to leave a comment!
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