Prepayment Penalty
A prepayment penalty is a fee that debt-financiers charge when the debtor pays off all or part of their loan early. This fee along with other applicable fees are outlined in the “Summary of Loan Documents”.
A prepayment penalty is a fee that debt-financiers charge when the debtor pays off all or part of their loan early. This fee along with other applicable fees are outlined in the “Summary of Loan Documents”.