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Electronic Code of Federal Regulations

e-CFR data is current as of December 9, 2019

Title 12Chapter IPart 160 → §160.34


Title 12: Banks and Banking
PART 160—LENDING AND INVESTMENT


§160.34   Prepayments.

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.

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