Access, Edge & Foreign National Products
The guideline update below is effective for all loans registered on or after January 1, 2025.
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Access, Edge and Foreign National Products |
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Topic |
Current Guideline |
New Guideline |
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Prepayment Penalties in Pennsylvania |
In Pennsylvania, for business purpose loans, a prepayment penalty is not permitted for loan amounts less than $319,777. |
In Pennsylvania, for business purpose loans secured by one and two-unit properties, a prepayment penalty is not permitted for loan amounts less than $319,777.
For business purpose loans secured by three and four-unit properties, a prepayment penalty is permitted regardless of loan amount. |