N.J.'s prepayment law does not apply to commercial transactions. Even where individuals personally guarantee a commercial loan with residential property, banks can charge a prepayment penalty. In a ...

You would think a lending institution would be happy to get its money back early, but that’s not always the case. Believe it or not, you can be charged a prepayment penalty for paying off a personal ...

A prepayment penalty is a fee you may pay if you pay off a personal loan in full early. Some lenders charge a prepayment penalty to recoup some or all of the interest they would have earned if you had ...

A representative for Thompson Hine said the firm "denies the allegations, which mischaracterize both the engagement and the work performed.” ...

Yield maintenance is a prepayment penalty designed to safeguard lenders against losing interest income when a borrower decides to settle a loan ahead of schedule. Yield maintenance compensates for ...

You should repay your SBA loan early if the interest savings outweigh any prepayment penalties — and it makes sense for your financial situation. Many, or all, of the products featured on this page ...

The lender doesn’t require an origination fee, but interest rates can be high without discounts ...