Summary of the Introduced Bill

HB 1985 -- Prepayment of Loans

Sponsor:  Oxford

This bill prohibits lenders from imposing a fine, fee, or penalty
for prepaying a loan and repeals the provision allowing a
prepayment fee to be charged on second mortgage loans.

Copyright (c) Missouri House of Representatives


Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:11 pm