12 CFR 560.34 : Banks And Banking (§ 1.1 To Parts 1816-1899) — (§ 500.1 To Parts 592-599) — Office Of Thrift Supervision, Department Of The Treasury (§ 500.1 To Parts 592-599) — Lending And Investment (§ 560.1 To § 560.220) — Lending And Investment Powers For Federal Savings Associations (§ 560.30 To § 560.60) — Prepayments.

4 Aug 2016

Any prepayment on a real estate loan must be applied directly to reduce the principal balance on the loan unless the loan contract or the borrower specifies otherwise. Subject to the terms of the loan contract, a Federal savings association may impose a fee for any prepayment of a loan.

12 CFR 560.34