§201.17. Prepayment provision.
24 C.F.R. § 201.17
The note shall contain a provision permitting full or partial prepayment of the loan without penalty, except that the borrower may be assessed reasonable and customary charges for recording a release of the lender's security interest in the property, if permitted by State law.
Notes, amendments, and revision history
Amendments
[61 FR 19797, May 2, 1996]
Authority
Authority: 12 U.S.C. 1703; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).
Source
Source: 50 FR 43523, Oct. 25, 1985, unless otherwise noted.
Amendments
[61 FR 19797, May 2, 1996]